People with Pre-Existing Conditions May Benefit from Colorado's High Risk Pool

The new Healthcare Reform package has yet to make a positive impact on the lives of many Coloradoans; primarily because the plans key provision that mandates coverage for preexisting conditions does not fully phase in until 2014.  Until then, Colorado residents who have been denied coverage on Colorado health plans have another option. 

A new Colorado health insurance program will become available this month to provide coverage for people with pre-existing conditions.  However, the public is still a little confused about how it will work.  The reason there is some confusion about this is that Colorado already has a policy for people with pre-existing conditions.  That plan is called CoverColorado.  The new plan will use federal dollars to set up a secondary high-risk pool to cover applicants who cannot otherwise qualify for privately underwritten insurance. 

In a unique collaboration between CoverColorado and Rocky Mountain Health Plans (RMHP), Colorado resident can now apply for this coverage.  The details of the plan will be worked out between the two organizations, but applicants will still apply directly through CoverColorado.  While there is still some consumer confusion about the details of the plan, it seems like CoverColorado will be using RMHP to administrate the insurance policies while using federal funding to pay for the actual claims.  However, it could also be run as a separate program altogether, under the auspices of CoverColorado.  Either way, this plan will provide greater availability of Colorado health insurance for eligible applicants. 

A Colorado health insurance broker can help you learn more about the plan, and decide whether you can take advantage of the added benefits.  For some applicants, a better option is a high-deductible health insurance plan with a Health Savings Account (HSA) set up to help pay for out-of-pocket expenses with pre-tax dollars.  Michael Horvat is a health insurance expert and broker with HealthQuotes.com in Colorado Springs, CO. If you are searching for Colorado health insurance plans or quotes, please give Michael a call anytime at 800-345-0789.