Health insurance is an important part of financial planning for individuals and families in Colorado. It can help you cover the cost of medical care, including preventive care, doctor’s visits, hospital stays, and prescription drugs.
There are several different health insurance plans available in Colorado, and the cost of each plan will vary depending on several factors, including your age, health status, income, and the type of plan you choose.
How to Get Health Insurance Quotes in Colorado
There are a few different ways to get health insurance quotes in Colorado. You can:
- Shop for plans on the Connect for Health Colorado website. Connect for Health Colorado is the state’s health insurance marketplace, and it offers a variety of plans from different health insurance companies.
- Contact a health insurance broker. A health insurance broker can help you shop for plans and compare quotes.
- Contact a health insurance company directly. You can get quotes from different health insurance companies by visiting their websites or calling their customer service departments.
What to Consider When Choosing a Health Insurance Plan
When choosing a health insurance plan, it is important to consider the following factors:
- Metal level: Health insurance plans are classified into four metal levels: bronze, silver, gold, and platinum. Bronze plans have the lowest monthly premiums, but they also have the highest deductibles, copays, and coinsurance. Platinum plans have the highest monthly premiums, but they also have the lowest deductibles, copays, and coinsurance.
- Network: Health insurance plans have networks of doctors and hospitals that they cover. When you choose a plan, it is important to make sure that your preferred doctors and hospitals are in the plan’s network.
- Out-of-pocket costs: Out-of-pocket costs are the amount of money that you will have to pay for medical care before your insurance starts to cover the cost. Out-of-pocket costs include deductibles, copays, and coinsurance.
- Essential health benefits: All health insurance plans must cover a set of essential health benefits, which includes preventive care, doctor’s visits, hospital stays, and prescription drugs.
Average Health Insurance Premiums in Colorado
The average monthly premium for a health insurance plan in Colorado varies depending on the mental level of the plan and the age of the enrollee. The following table shows the average monthly premiums for different metal levels and age groups in Colorado:
| Metal level | Age group | Average monthly premium |
|---|---|---|
| Bronze | 21-29 | $368 |
| Bronze | 30-49 | $447 |
| Bronze | 50-64 | $555 |
| Silver | 21-29 | $447 |
| Silver | 30-49 | $555 |
| Silver | 50-64 | $663 |
| Gold | 21-29 | $555 |
| Gold | 30-49 | $663 |
| Gold | 50-64 | $771 |
| Platinum | 21-29 | $663 |
| Platinum | 30-49 | $771 |
| Platinum | 50-64 | $879 |
How to Get Financial Assistance for Health Insurance in Colorado
If you are struggling to afford health insurance, there are several financial assistance programs available in Colorado. You may be eligible for subsidies to help you pay for your monthly premiums, or you may be eligible for Medicaid or CHIP.
To learn more about financial assistance programs for health insurance in Colorado, visit the Connect for Health Colorado website or call Connect for Health Colorado at 888-695-2192.
Summary
Health insurance is an important part of financial planning for individuals and families in Colorado. There are several different health insurance plans available, and the cost of each plan will vary depending on several factors.
If you are struggling to afford health insurance, there are several financial assistance programs available in Colorado. To learn more about these programs, visit the Connect for Health Colorado website or call Connect for Health Colorado at 888-695-2192.
