Rating zones shift could raise, lower insurance costs across Colo. counties

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A look at the proposed re-structure of insurance zones in Colorado. (Credit: CDN.Colorado.gov)

A look at the proposed re-structure of insurance zones in Colorado. (Credit: CDN.Colorado.gov)

DENVER — Outraged that their counties were paying the highest premiums in the country, a group of four “resort” counties filed a complaint with the Colorado Division of Insurance, and it may result in a lowering in those sky-high insurance rates.

But it may also come with a cost – namely to the surrounding counties.

According to the Associated Press, just days after closing a public comment period on the matter, Colorado health insurance regulators may announce a new plan on Friday for geographic rating zones that help determine the cost of insurance premiums.

A possible amendment could be adding part of the four counties classified as being in the “Resort” area – Garfield, Pitkin, Eagle and Summit counties – to neighboring counties to smooth out those areas issues with their currently high premiums.

While that would likely mean a reduction in rates for those counties, it would likely also cause a raise in rates for neighboring counties. Those neighboring counties include Gunnison, Mesa, Delta, Garfield, Routt, Grand, Clear Creek, Park, Lake and Chaffee.

RELATED: Read more about the proposed zone revisions

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