October 11, 2022 - Current members can continue to use their Bright Health plans until the end of the year.
DENVER - Bright Health will not offer individual health plans (insurance for people who do not get coverage from an employer) in 2023 in all of its existing markets across the country. In Colorado, this means that its individual plans will not be available for the coming year on the state’s health exchange, Connect for Health Colorado, as well as being unavailable from the company directly (known as “off-exchange”). Earlier this year, Bright also made the decision not to offer small group plans (for small employers with less than 100 employees) in Colorado next year, as noted in the Division of Insurance (DOI) release of preliminary 2023 plan information in July.
Over the last two years, Bright grew rapidly throughout the country to nearly 1 million members across Alabama, Arizona, Florida, Georgia, Illinois, Nebraska, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah and Virginia, as well as Colorado (approximately 55,000 members - nearly 54,000 in individual plans, about 900 enrolled in small group plans, as of April 1, 2022). In that same timeframe, the company suffered substantial losses, leading to the company’s changes.
Bright Health Coverage Remains in Place for the Rest of the 2022 Plan Year
In order to maintain access to their health insurance benefits and coverage, Bright Health members need to continue to pay premiums through the end of 2022 . People with Bright coverage can continue to use their health insurance through the end of this year, and their claims will continue to be paid according to their policies.
Bright members with questions about their coverage should contact Bright Health member services at 855-827-4448. Additionally, should Bright members or health care providers experience difficulties in working with Bright, they can contact the Colorado Division of Insurance at 303-894-7490 or [email protected].
For current individual policyholders with Bright Health who are receiving financial a-sistance (premium tax credits or subsidies, or cost-sharing a-sistance) as part of their 2022 individual plan coverage from Bright, that a-sistance will continue through the end of the policy, December 31, 2022, provided premiums are still paid.
This change in GST annual return if not checked properly can result in input tax credit mismatch
