The Colorado Open Enrollment Period is the designated time each year when residents can sign up for or make changes to their health insurance plans through the state’s health insurance marketplace, Connect for Health Colorado.
When our client Jenna, a 29-year-old self-employed photographer, realized that her current health plan wouldn’t meet her needs in the upcoming year, she was worried about navigating the complexities of the Colorado Open Enrollment Period. Jenna reached out to our agency, and we quickly got to work.
We carefully reviewed her current situation and discussed her health care needs. With no current qualifying event, we explained that the Colorado Open Enrollment Period was her next option to change plans. We met with Jenna at the beginning of Open Enrollment and presented several options tailored to her budget and lifestyle. Jenna found a plan that not only saved her money but also provided better coverage for the essential services she needed, such as mental health support and preventive care.
With her new plan in place, Jenna felt confident and secure knowing she was well-covered, allowing her to focus on growing her business without the worry of unexpected medical expenses.
Colorado Health Open Enrollment – Key Details:
Timeframe: The Open Enrollment Period for health insurance typically runs from November 1st to January 15th each year. These dates can sometimes vary slightly, so it’s important to check the specific dates for the current year.
Eligibility: During this period, all eligible residents can:
- Enroll in a new health insurance plan.
- Change their existing health insurance plan.
- Renew their current plan for the upcoming year.
- Outside of the Open Enrollment Period, you can enroll in or change your health insurance plan only if you qualify for a Special Enrollment Period.
Subsidies and Financial Assistance: During the Open Enrollment Period, you can also apply for financial assistance to help lower your insurance premiums and out-of-pocket costs, like the Advance Premium Tax Credit (APTC).
Plan Comparison: The Open Enrollment Period is the best time to compare different health insurance plans, evaluate coverage options, and choose the one that best fits your healthcare needs and budget.
Deadlines: It’s important to note that to have coverage starting on January 1st, you typically need to enroll by December 15th. If you enroll after December 15th but before January 15th, your coverage will generally start on February 1st.
Click Here to view an Ian Young Health Insurance video about Colorado’s Annual Open Enrollment Period.
Click Here to view a Colorado State Exchange webpage describing the Open Enrollment Period.
Email Ian Young Health Insurance today to stay informed about the Open Enrollment Period. Schedule an appointment for assistance with whatever your current health insurance needs might entail.
