About 96,000 Coloradans who buy their health insurance on the individual marketplace could need to find new plans after two large companies pulled back, state officials announced Wednesday.
Rocky Mountain HMO notified the state it will drop 20 plans in seven counties in the Denver area, according to the Colorado Division of Insurance. About 26,000 people currently have insurance through one of those plans.
Anthem’s HMO Colorado said it will make even deeper cuts, dropping 62 plans with about 70,000 enrollees, or roughly two-thirds of all the insurer’s individual-market members in Colorado.
About 296,000 people enrolled in marketplace plans this year, meaning roughly one in three enrollees could need to find a new plan.
Emily Snooks, a spokeswoman for Anthem, said the company might not