Health insurance rates for individuals in Colorado are expected to jump by 28% in 2026, with some areas, especially the Western Slope, facing increases as high as 38%. This alarming news comes from the Colorado Division of Insurance.
These rate hikes are largely blamed on the fallout from a recent federal tax bill, as stated by officials. “This isn’t just a Colorado issue; many states will likely see similar trends,” the division mentioned. The loss of federal financial assistance is a significant factor affecting approximately 321,000 Coloradans who rely on this help to afford their health coverage.
Looking back at recent years, premiums have steadily increased: 1.1% in 2022, 10.4% in 2023, 9.7% in 2024, and 5.6% in 2025. Michael Conway, Colorado’s insurance commissioner, expressed concern, stating that the federal government’s actions are creating real challenges for residents. The most severe effects are expected in rural areas, where residents might have to “gamble with their health” due to unaffordable premiums.
Governor Jared Polis echoed these sentiments, recalling that similar spikes occurred during the Trump administration. “Congress is pushing people off their health care,” he remarked, emphasizing the chaos this creates. The state’s reinsurance program, which helps lower health insurance costs, is also under threat, with funding expected to be cut by 40% in 2026, according to the division.
This year, around 80% of the 282,483 Coloradans enrolled in health plans received subsidies to help manage their costs. Without these, individuals making up to 400% of the federal poverty level, or about $62,000 for single individuals and $128,600 for families of four, will need to pay the full price for their coverage. This situation means more financial strain on households that already face tight budgets.
Research from the 2023 Colorado Health Access Survey reveals that only 5% of residents buy plans on the individual market. In certain mountain counties, like Eagle and Summit, that number rises to around 9%. This highlights a growing reliance on individual coverage in these areas.
House Speaker Julie McCluskie noted that the GOP’s legislative actions are escalating insurance costs, especially in regions where efforts to reduce expenses have been made. She expressed concern for families who will struggle to afford premium increases, potentially impacting local healthcare systems that are critical for community welfare.
Rep. Kyle Brown emphasized that tax cuts for the wealthy have come at a cost for average Coloradans. He warned that the anticipated 28% rise in insurance premiums could force many families into difficult positions regarding healthcare. “People may face the choice of forgoing necessary care,” he added.
As the 2026 rates become public, the ongoing conversation about health insurance costs and accessibility in the U.S. reflects broader trends. Many experts are watching how these changes will affect people’s health and financial stability in the long run. Keeping health insurance affordable remains a critical issue, especially in rural areas where options are already limited.
