Obamacare Enrollment Begins Today
Important Information Regarding the Affordable Care Act
What happens on October 1st?
Colorado’s health insurance exchange, Connect for Health Colorado, will open for business. Individuals and small businesses will be able to visit the exchange to review health insurance plans, many of which will begin providing coverage as early as January 1st.
How does this impact me?
It depends. If you are currently insured and like the plan you have, you’ll likely be able to stick with your current plan. If you currently purchase health insurance through your employer, you should check to see what your employer plans to do. Most businesses will be able to continue to offer the same plans they already do, as long as those plans provide the coverage required by law. Many small businesses are now eligible for tax credits to help them provide insurance for their employees, so even if your employer didn’t offer coverage before, he or she might be able to do so now, thanks to the Affordable Care Act.
If you don’t have insurance, starting January 1st, you’ll be required to do so by law, or pay a fine. You can visit Connect for Health Colorado and look at the different options available to you or your family. Depending on your income level, you may be eligible for tax credits to offset the cost of insurance. Some Coloradans will be newly eligible for Medicaid. Customer services representatives at Connect for Health Colorado are standing by and ready to help guide you through the process.
How do I sign up for health care on the individual exchange?
Visit Connect for Health Colorado, the state’s health exchange, at:
You can also call 1-855-PLANS-4-YOU or 1-855-752-6749 to speak with a customer service representative.
Am I eligible for federal assistance to purchase health insurance?
Tax credits are available to individuals whose family income is below a certain threshold. Connect for Health Colorado has provided a calculator to estimate the size of the tax credit for which you or your family are eligible, which can be accessed here: http://www.connectforhealthco.com/individualcalculator/
What kind of assistance is available for my small business?
Visit https://www.healthcare.gov/small-businesses/ to learn more about the small business health insurance exchange, and to calculate whether your business is eligible for a tax credit to offset the cost of providing health insurance to your employees.
The state’s health insurance exchange has more information, available at: http://www.connectforhealthco.com/let-us-help/businesses/.
What if I still have questions?
Connect for Health Colorado has a full team of customer services representatives who can be contacted at the number above. My office is also available to help point you in the right direction, and can be reached at 303-484-9596. I also urge you to visit www.healthcare.gov, the federal government’s hub for information about the Affordable Care Act, to learn more about the law and how it impacts you.