More Than 40,000 Coloradans Impacted As Cigna Leaves Individual Market

By Marianne Goodland | The Denver Gazette

Another firm is withdrawing from the individual health insurance market, including for Colorado, effective Jan. 1, 2027.

The move by Cigna Healthcare is part of the company’s overall plan to withdraw entirely from the Affordable Care Act market. It will impact individual health plans for 369,000 members in 11 states, according to a company announcement on April 30.

In Colorado, Cigna provides individual health insurance to 40,853 members, according to the the state’s insurance office.

Cigna joins five other insurers that have pulled out of Colorado since 2022. That doesn’t include two insurers that announced they were withdrawing from the individual market last year but rescinded that announcement two months later.

The withdrawals began with Oscar Health, which announced in May 2022 it would end its participation in the individual market in Arkansas and Colorado.

READ THE FULL ARTICLE AT THE DENVER GAZETTE