By Vincent Plymell
Special to The SUN
The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), has released preliminary information regarding the proposed rates submitted by health insurers for Affordable Care Act (ACA) plans for the 2016 plan year.
The due date for 2016 ACA rate filings was May 29. Since then, DOI staff has been conducting initial reviews to check the filings for completeness and to ensure that any confidential or proprietary information has been properly marked.
It is important to note this information is preliminary and has not undergone a complete review or actuarial analysis. DOI will complete its review in September.
A total of 1,377 plans were submitted for review, including 1,221 medical plans and 156 dental plans. Of the 1,221 medical plans, 425 are proposed to be offered through Connect for Health Colorado, the state’s health insurance exchange, with the remainder to be sold off the exchange. The medical plans consist of 239 individual plans and 186 small group plans.