There is no good reason for anyone in Colorado to go without health insurance because without such a plan; it’s virtually impossible to afford proper medical care. Colorado residents have several options in obtaining affordable health insurance, as they can get one through their employer or buy one from private insurance carriers. The state government also offers several public programs for families with fewer resources.
To get a list of available private Colorado health insurance plans for your location, you only need to enter your zip code in our search bar. You’ll then get to view numerous policies offered by companies such as Humana, Golden Rule, and Cigna.
Small Business Health Insurance Colorado
If you’re an employee, you can take advantage of employer-sponsored group health insurance. These plans are more affordable, as employers typically pay for a portion of the premium. Also, no employee can be denied coverage even if they have a pre-existing medical condition.
New employees may need to go through a waiting period before the new health insurance plan takes effect, and it is not advisable that you go without coverage for more than 63 days. Doing so enables private carriers to reject your application for health insurance because you have a pre-existing medical condition.
To prevent this from happening, you can get short-term insurance for the duration of the waiting period. If you had a health insurance plan from your previous employer, then you can use the COBRA program to continue with that plan. Although, you may have to pay for the premiums yourself. You can extend this COBRA coverage for up to 18 months while you try to line up another job.
Are You an Employer?
If you’re a freelancer or the sole proprietor and employee of your own business, you may want to consider applying for the Colorado sole proprietor plan. The qualifications include being in business for at least a year before you apply. You also have to apply within 31 days of your birthday, the 1st year anniversary of your business start date, or upon the loss of your previous coverage.
As the sole proprietor applying for health insurance, private carriers are not allowed to deny you coverage due to any pre-existing medical condition. However, for serious medical conditions, some private carriers may only offer their most basic plans with the bare minimum of benefits.
A small group plan offers more benefits for both you and your employees. You only need to have two to 50 employees, and they have to work at least 24 hours a week to qualify.
Health First Colorado & Low Income Health Insurance Colorado
This is the name for Colorado’s Medicaid program, which provides a health insurance plan for low-income families. It’s designed for low-income families, and part of the eligibility requirements requires a household income that does not exceed certain limits.
The general guideline for a single individual’s income is that it should not exceed $15,800 per year before taxes. Every additional person within the household increases the income ceiling by about $5,500.
Colorado Child Health Plan Plus
Some families report incomes that exceed the Health First Colorado limits, but these families may still be unable to afford private insurance. This can leave many children without proper coverage, but it’s important to note that minors are covered by the federal Children’s Health Insurance Program (CHIP).
In Colorado, this program is called the Child Health Plan Plus (CHP+), and it’s meant to serve the needs of low-income children and pregnant adult women.
The benefits include doctor visits and routine checkups, as well as hospital care, lab services, and emergency care services. It also includes vision and dental care.
Children and pregnant women are eligible for this program if their family income does not exceed the CHP+ limits. For a household of one person, this is a maximum pre-taxes annual income of $30,150 a year.
The limit increases by $10,450 for each additional person to the household. So a household with parent and a child should have a family income of not more than $40,600 while a family of 3 should have an income of no more than $51,050.
The Colorado Indigent Care Program is not a health insurance program, strictly speaking. But it does allow eligible residents to enjoy medical services at discounted rates. The local clinics and hospitals can enter a patient into CICP, and if they meet the income standards then the state can pay for part of their medical expenses.
Connect for Colorado – Colorado’s Health Insurance Marketplace
This is the official health insurance marketplace of Colorado. It’s also the only place to apply for financial assistance so that you can reduce the payments you have to make for your monthly premiums.
Their website offers a tool to help you find the right plans for your needs, while you also find out about what kind of savings you can enjoy. This is also where you can apply for Cost-Sharing Reductions and Premium Tax Credits to help pay for commercial insurance coverage. You can take the tax credit in advance or take the tax credit when you file your taxes. Your eligibility for this program depends on how low your household income level is and the number of people in your household.
Colorado Open Enrollment 2019 & Colorado Obamacare Insurance
The Colorado Open Enrollment period for health insurance in 2019 will run from November 1st, 2018 to December 15th, 2019.
For all your other questions regarding health insurance in Colorado, please do not hesitate to give us a call at 1-855-881-0430. We stand ready to guide you so that you can get the health & medical insurance coverage you need and deserve.