Thursday, July 8, 2010

More on Colorado's high-risk health insurance pool

In my last post, on Colorado's new health insurance program, I mentioned that I didn't know how the new program differed from CoverColorado, a state program already in existence to provide health insurance for people with pre-existing conditions.

I have my answer now, thanks to this article:

Ritter details Colorado's new high-risk health-insurance pool

The difference is that people in the new program won't be paying any more than normal, healthy people would pay for health insurance. CoverColorado, on the other hand, charges people about 130 percent of what a healthy person would pay.

Another way the new program differs is that people have to have gone without health insurance for at least six months in order to qualify. That eliminates all of the people in the CoverColorado program. Essentially, what this new program does is target the people who couldn't afford to pay higher than market rates for health insurance — even CoverColorado rates.

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