Friday Health Plans of Colorado is being liquidated. What do consumers and providers need to know?
Approximately 32,000 Coloradans who purchase their own health insurance and had plans through Friday Health Plans of Colorado, including 700 undocumented Coloradans who have been enrolled in OmniSalud, are eligible to enroll in new health insurance as Friday Health Plans of Colorado ends its operations due to financial troubles.
The Colorado legislature passed a bill this session (HB23-1303) in anticipation of this development. The bill made health maintenance organizations (HMOs) like Friday a member of the Colorado Insurance Guarantee Association, which protects Coloradans in situations where health insurance companies become insolvent.
The Children’s Campaign supported this legislation, and we commend Colorado’s Division of Insurance (DOI) on the steps it has taken so far to ensure Colorado kids and families are supported and connected to new coverage as soon as possible. We know health care coverage promotes positive health outcomes for children and families.
We also encourage all who are involved to continue to take steps so that Coloradans who are affected by this loss of coverage know about their options. This might include sharing updates in languages other than English and Spanish; doing specific outreach to people enrolled through the Omnisalud program to make sure they have the resources and information they need; and making sure that people who may not have access to the internet receive the information they need about their coverage options.
The DOI has created FAQs for consumers and providers.