The state says because Congress has not re-authorized tax credits to subsidize the cost of health insurance on state marketplaces, many consumers are facing a huge increase.
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Congress failed to extend tax credits to help people pay for health insurance on state marketplaces. Now hundreds of thousands of Coloradans will see their costs double.
The Colorado Division of Insurance said Monday that about 225,000 people will see an average 101 percent increase in health insurance premiums for their 2026 plans. It released final approved premium information on 2026 private health insurance plans for the individual market, where people who don’t get coverage from an employer plan can purchase their own. The coverage is sold on the state’s marketplace, called Connect for Health Colorado.
