Eight companies that offer individual health insurance plans in Colorado in 2020 will do so again in 2021, according to the Colorado Division of Insurance.
Anthem, Bright Health, Cigna Health, Denver Health, Friday Health, Kaiser, Rocky Mountain Health Plans and Oscar Health will offer Affordable Care Act plans next year.
Rocky Mountain Health Plans and Bright Health plan to expand their geographic coverage areas in 2021, reducing the number of Colorado counties with only one health insurance company selling plans from 22 to 10.
Rocky Mountain Health Plans will offer plans in the following counties which have Anthem as their only on-exchange company: Dolores, Garfield, Gunnison, Hinsdale, Montezuma, Montrose, Ouray, Pitkin, San Juan and San Miguel counties. Rocky Mountain Health Plans also will expand into La Plata and Archuletta counties. Bright Health will expand into the following counties with one on-exchange company: Dolores, Grand, Lake, Montezuma and San Juan counties. Bright Health also will move into La Plata County.
The expansions will leave Eagle, Jackson, Logan, Moffat, Phillips, Rio Blanco, Routt, Sedgwick, Washington and Yuma as the remaining counties with only one on-exchange health insurance company.
The number of individual plans the companies propose to offer next year, both on-and off-exchange, will increase from 264 to 324. In the small group market for small employers with less than 100 employees, 13 companies will offer a total of more than 400 plans.
Information on the number of plans and insurance companies for the individual and small group markets for 2021 is available at https://www.colorado.gov/pacific/dora/health-insurance-plan-filings-and-approved-plans. Preliminary information about premiums won’t be available until the end of July.