Colorado Division of Insurance Takes Action Against HealthOP

Colorado Department of Regulatory Agencies - Division of Insurance LogoDENVER (Oct. 16, 2015) – Today, the Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), took action against the Colorado Health Insurance Cooperative, more commonly known as the Colorado HealthOP, preventing it from selling insurance for 2016 on the state’s health exchange, Connect for Health Colorado. Colorado consumers will not be able to buy new HealthOP coverage or renew existing plans for 2016, for individuals or small groups, on Connect for Health Colorado. This move comes in time to ensure that HealthOP members can enroll in new plans during the upcoming open enrollment without a disruption in coverage.

See the full DOI news release, which includes answers to Frequently Asked Questions for current HealthOP customers.

Tax News for Connect for Health Colorado Customers

Calendar IconOn July 10, the Internal Revenue Service (IRS) began mailing letters to individuals who received an Advance Premium Tax Credit (APTC) in 2014 but who have not yet filed their 2014 taxes.

If you received a letter (see an example) from the IRS stating “Our records show that you did not file a 2014 tax return to reconcile advance payments of the Premium Tax Credit” or a variation:

  • According to the IRS, if you already filed your 2014 taxes, you do not need to do anything and can ignore the letter.
  • If you did not file taxes for 2014, you should file a tax return with Form 8962 as soon as possible.
    • File even if you normally do not file taxes, as this could impact your ability to auto-renew your coverage.
    • Use Form 1095-A to file.
  • If you need a copy of your 1095-A form, contact Connect for Health Colorado.

For more information, see Connect for Health Colorado’s Tax Info page.