Residents urged to provide input on insurance rating areas
May 7, 2014
The Colorado Division of Insurance (DOI) on Friday announced a proposal that would potentially reduce health insurance premiums for Eagle County residents who purchase individual or small-group plans.
The Eagle County Board of Commissioners is urging residents to provide public comment to the DOI before the May 7 deadline.
According to data compiled by researchers from the Kaiser Family Foundation, Colorado’s “Resort Region” which is comprised of Eagle, Garfield, Pitkin and Summit counties, has the highest premiums in the nation. Plans in the rating area have monthly premiums that are up to hundreds of dollars higher than comparable plans in other regions in the state. Commissioners from all four counties attended the DOI meeting last week to advocate for a change.
The DOI has proposed the Resort Region be merged with the West Region, comprised of more than a dozen rural western Colorado counties, thereby resulting in a larger pool of plan participants. A similar merger would take place between the existing Northeast and Southeast regions.
If implemented, the changes would take effect Jan. 1, 2015.
The DOI is accepting public comment on the proposal via email at DORA_georatings@state.co.us through May 7.