DENVER — People who buy their own health insurance will be charged an average of 27 percent more next year in Colorado.
The Denver Post reports (http://dpo.st/2eNp6U7 ) that the average increase for individual premiums approved Wednesday by state regulators is identical to what insurers proposed when they filed their plans earlier this summer. However, the Colorado Division of Insurance negotiated with some to lower their proposed increases and got others with lower increases to raise them, fearing they weren’t sustainable.
The increase doesn’t take into account federal tax credits which nearly two-thirds of those who buy insurance through the state’s exchange are eligible to receive.
About 8 percent of state residents buy their own insurance. The increase doesn’t apply to those who receive health insurance coverage through their employers.
Information from: The Denver Post, http://www.denverpost.com