Colorado shutting down health insurer Friday Health Plans

30,000 Coloradans will lose their health insurance coverage next month because the state is liquating an insurance company called Friday Health Plans.

DENVER — The Colorado Division of Insurance on Monday announced that it is joining four other states to liquidate Friday Health Plans.

The liquidation is raising concerns that some health care providers may stop seeing patients enrolled on Friday before the insurance company shuts down.

That means about 30,000 Coloradans enrolled in Friday Health Plans will lose their health insurance earlier than anticipated and will have to find another plan by the end of August. For some, it could also mean they will have to restart the clock on deductibles and out-of-pocket maximums.

Most of the Coloradons enrolled in Friday’s HMOs are in the individual market.

The insurance division said it has asked the courts to put Friday into liquidation, with health plans terminating as of Aug. 31, 2023.

> Read the full article at Colorado Politics.

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