UnitedHealth’s Rocky Mountain HMO and Elevance Health’s Anthem HMO Colorado have withdrawn their plans to end coverage for multiple health plans in the state’s individual market following legislative action in the Colorado General Assembly.
Both companies will continue services in all counties they covered in the 2025 plan year, according to a Sept. 9 news release from the Colorado Division of Insurance. The discontinuances of plans between the two insurers would have affected 96,000 residents.
In August, state lawmakers passed a bill that will mitigate the impact of the looming expiration of enhanced ACA premium tax credits at the end of 2025 by providing up to $100 million in state funds to stabilize the individual market. The legislation outlines the use of a $100 million interest-free loan that will be allocated toward the state’s reinsurance program, which will help reduce premiums and help insurers lower rates for individuals eligible for the tax credits.
“Though this legislation will help consumers with rising costs, it cannot absorb the expected cost spikes consumers will face if federal enhanced premium tax credits are not renewed by Congress,” the state’s insurance division noted.
Insurers nationwide have requested a median 15% rate increase for 2026, citing both the anticipated expiration of the tax credits and rising medical costs.
