Colorado HRP

Colorado’s high-risk pool, CoverColorado [1], became operational in 1991. The pool has a premium cap of 150 percent of market rate for similar coverage and is financed by the state’s unclaimed property trust fund, premiums paid by recipients, and a premium tax credit. For recipients who earn less than $50,000 per year, premium subsidies may be available. Premium discounts represent an approximately 20 percent reduction from the standard PPO rate. As of June 2006, just over 5,000 persons were enrolled in the program.