Care Facts

  • 591,624 (90%) of Colorado’s uninsured and eligible population may qualify for lower costs on coverage in the Marketplace, including through Medicaid.
  • Under the health care law, if your plan covers children, you can now add or keep your children on your health insurance policy until they turn 26 years old.
  • 50,000 young adults in Colorado have gained coverage already.
  • Health insurers are no longer able to charge more or deny coverage to anyone because of a pre-existing condition.
  • Colorado has received $62,685,346 in grants for research, planning, information technology development, and implementation of its Health Insurance Marketplace.
  • Health insurance companies now have to spend at least 80 cents of your premium dollar on health care or improvements to care, or provide you a refund.
  • Insurance companies are required to publicly justify their actions if they want to raise rates by 10 percent or more.
  • Since implementing the law, the fraction of requests for insurance premium increases of 10 percent or more has dropped dramatically, from 75 percent to 14 percent nationally.
  • The Affordable Care Act bans insurance companies from imposing lifetime dollar limits on health benefits.
  • 1,902,000 people in Colorado, including 696,000 women and 521,000 children, are free from worrying about lifetime limits on coverage.
  • In 2011 and 2012, 71 million Americans with private health insurance gained preventive service coverage with no cost-sharing, including 1,288,000 in Colorado.
  • In Colorado, people with Medicare saved nearly $74 million on prescription drugs because of the Affordable Care Act.
  • Preventive service coverage with no deductible or co-pay. Cost is no longer a barrier for seniors and people with disabilities who want to stay healthy by detecting and treating health problems early.
  • The health care law helps stop fraud in Medicare with tougher screening procedures, stronger penalties, and new technology.
  • From 2010 to 2012, Medicare spending per beneficiary grew at 1.7 percent annually, substantially more slowly than the per capita rate of growth in the economy.

 

Common Questions About Medicare Supplement
IF I GET INSURANCE THROUGH MY EMPLOYER, CAN I GET ...
 

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