October 21st, 2021 – The Colorado Division of Insurance announced a 1.1% average increase in premiums for individual and family health insurance plans across the state of Colorado.
Colorado’s Small Group market will see an average increase of 4.4% in their monthly premiums. Small group plans are employer sponsored health insurance plans for companies with 2 to 99 employees.
New for 2022’s individual and family insurance plans are networks that include UC Health providers and hospitals. Also, there will be 201 more plans for Coloradans to choose from in 2022 than in 2021.
Every county in Colorado (except Jackson County) will have more than one carrier offering individual and family plans. The individual and family health insurance carriers themselves are unchanged for 2022: Anthem, Bright Health, Cigna Health, Denver Health, Friday Health, Kaiser Permanente, Oscar Insurance Company and Rocky Mountain Health Plans.
Open enrollment for 2022 individual and family plans re-opens on November 1st and closes on January 15th. Open enrollment is normally the only time that insureds can change plans unless they have a qualifying event for a Special Enrollment Period like losing a job that offered insurance, getting married, having a baby, moving to Colorado from out of state, etc.