Retirement insights from a Colorado PERA perspective

News You Should Know

News You Should Know: Federal Authorities Approve Lower-Cost Colorado Option Health Insurance

Doctor writing a medical prescription
Photo credit: demaerre/Getty Images

Federal Government Approves Colorado Option Health Insurance Plan | The Colorado Sun

The federal government has given its approval to Colorado’s plan to offer standardized lower-cost health care plans in the state. Colorado Option plans will be available to those who shop for insurance on their own and will be required to offer premiums that are lower than what insurance companies charge for other plans.

Why Retirees Should Worry More About Longevity and Less About the Markets | Barron’s

Recent research finds many retirees may be underestimating the biggest risk they face in retirement: living longer than they plan for. The survey, which took place prior to 2022’s market losses, found retirees rank market volatility as their top risk, followed by longevity and the cost of health care, while the research suggests longevity should take top billing, followed by health and then market risk.

The New 988 Mental Health Hotline is Live. Here’s What to Know. | NPR

As of this month, anyone experiencing a mental health crisis can dial 988 for help. The new three-digit number replaces the former 10-digit hotline and connects callers to a network of local call centers around the country. The federal government is investing hundreds of millions of dollars to support the service.

Stay the Course or Pivot? A Mid-Year Financial Check-In | Next Avenue

We’re halfway through 2022, and it’s a good time to check in on your finances to see if you’re on track to meet your goals. Here are some key questions to ask yourself when assessing your financial situation.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

VolatilityA state of unpredictable activity in financial markets, during which prices can experience significant and/or unexpected swings in either direction.


  1. Brad says:

    PRA representative told me that if you are under the age of 67, you should not be with PeraCare, way better options out there. Leaving PeraCare my health insurance was cut by 80%.

  2. Linda Vaughn says:

    Any chance Anthem Advantage will once again be an option for retirees! United is liking going into battle every time you have to interact with them.

    • Arlinda Gilbert says:

      I totally agree. I have not had one claim that went smoothly, I.e. without questions, issues, etc. I loved Anthem, never had any issues…they always paid. I would gladly pay the extra money again to not have th hassle all the time.

      • Jean S says:

        I was not impressed with Anthem’s available providers in my locale— or their ability to help reduce costs of procedures, i.e. alternative locations that charge thousands less —which would have led to less out of pocket.
        I love ❤️ United Health. It is MUCH better than I expected— and less premium cost. The best doctors are on the plan. Customer Service has been much better for me than Anthem ever was.

        I also hate the invasive mailed surveys asking personal questions. I just don’t answer them. They look like the questions that Medicare requires to be asked. I ignore them, although I am tempted to respond MYOB to every question.

  3. Michael Quirk says:

    If there is ANYTHING we can do to have an option for medical insurance other than United? Anthem/Blue Cross seemed to us to be more efficient (much less reliance on paper thru US Mail), United is invasive ( attempting to take on roles that our medical providers are fulfilling more effectively!), and Anthem seems to be focused on insuring medical care needs rather than United’s approach which seems to force retirees to have yet another complex technology based user interface that is complex and not user friendly.

    • PERA On The Issues says:

      We’re sorry to hear you’re not satisfied with UnitedHealthcare, Michael. PERACare also offers an HMO plan through Kaiser Permanente (more info here: but we encourage you to explore all of your options to find the plan that works best for you. If you need assistance, feel free to give us a call at 1-800-759-7372 and we’ll be happy to help.

  4. Arlinda Gilbert says:

    Once again, I agree. United is an awful insurance to have to deal with. Retirees should have better options and not have to deal with the struggles to get medical bills paid. Anthem was always good and never held back payment on anything. I didn’t mind that I had to pay more. It was worth it. Kaiser is not an option for me because I want to choose my doctors.

  5. Cherie+Roberton says:

    I personally encountered more issues with Anthem. They would not allow me to designate my internal medicine doctor as my PCP because they considered her a specialist. I didn’t encounter the same problem with United Healthcare. Anthem would send me the same procedure authorization letter 3-4 times in the mail. I repeatedly requested paperless EOB’s and still received them by mail which means I then have to shred them because they contain personal information. I personally have not seen delays in the processing and payment of my claims. Anthem offered many of the same additional options/programs for members as United Healthcare, but with both companies you have the choice to decide whether or not you want to use them.

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