Open enrollment for individual health insurance in Colorado begins on Sunday, November 1, the state Division of Insurance said, allowing residents without employer or government coverage to shop for 2027 plans.
Residents can shop and compare plans through Connect for Health Colorado, the state's marketplace, and use the Estimate & Explore Tool to determine available financial assistance. The enrollment period runs through January 15, 2027. To have coverage in place by January 1, 2027, residents must enroll by December 15, 2026. Those who enroll between December 16 and January 15, 2027, will have coverage starting February 1, 2027.
Premiums in Colorado's individual market will increase 10 percent for 2027, compared to the national median of 15 percent. The state's Division of Insurance saved Colorado consumers $42,136,281 on premiums through the rate review process for Plan Year 2027.
The Colorado Option, a state public option, will offer enrollees $14 to $33 less per month in premiums and 15 percent less in out-of-pocket costs compared to other plans, according to the division. The state estimates that 69 percent of customers qualify for financial help, and 60 percent of those who qualify could find a plan for $10 or less per month.
Governor Jared Polis signed SB26-178 into law to provide additional relief through Reinsurance and Colorado Premium Assistance. Financially assisted customers will see an estimated net premium increase of $20 per month from 2026 to 2027, compared to what would have been more than $69 per month without the assistance, according to the division.
Colorado's reinsurance program, which has reduced premiums since 2020, will save residents nearly $470 million in 2027. By the end of 2027, the program will have saved Coloradans over $2.5 billion since its inception.