Colorado Pre-existing Condition Insurance Plan

Product Review

This plan begins July 6 2010 and has not yet been reviewed by Freedom Benefits. If you wish to submit comments to be incorporated into the review, please e-mail us. We appreciate your feedback.

Pros

This product is available at standard rates regardless of the cost of current medical treatment. Premiums are subsidized by the federal government so that maximum premium is expected to be about $120 to $551 per month depending on age. 

This plan is administered by the same company that provides health plan member services to all federal employees.

Cons

This plan required a recent decline or exclusion rider letter from a commercial insurance. If you do not have a decline letter, see the Colorado low cost insurance exchange page listings for companies that can issue this documentation.

The policy has high out-of-pocket costs including deductible and co-payments. These uncovered expenses could be up to $5,000 per year before the insurance takes full responsibility for payment. Since medical providers typically require these out of pocket costs at the time of treatment (or on the next visit after the insurance claim is processed) this can pose a threat to ongoing treatment. Supplemental insurance is allowed to reduce the out-of-pocket risks.

Forms in PDF format for download

The enrollment forms can be found by following enrollment link above. (Available after July 6 2010).