Colorado health insurance regulations are as great as the state is beautiful. Colorado is one of the few states that has only a 12-month window to declare pre-existing conditions. A pre-existing condition is any medical problem that has required treatment or consultation. Many states go back five years and some allow an indefinite amount of time. The one-year limit offers more people the option to have full coverage.

If a pre-existing condition is excluded from coverage, a Colorado health insurance company can only hold it on record for one year before covering the condition. Colorado licenses health insurance companies. If you make application to a company that is not licensed by the state, you should withdraw your application. Only companies licensed by the state are determined to be in compliance with all state regulations.

Policy for Colorado Health Insurance Premiums

Another area that is common with most states is the way monthly premiums are determined. Policies are guaranteed renewable, but the premium is determined by health status. There is no limit on the amount a Colorado health insurance company can charge for a policy. Age can be a factor in the premium. It is also allowed for companies to deny coverage based on health.

Colorado offers excellent insurance coverage through a vast number of insuring agencies. An online comparison will find the best basic quotes for you. The amount may change once a medical form is submitted. Medical records will most likely be required in order to determine the level of insurability.