Health Insurance Options in Colorado – Connect For Health Colorado

2018 Obamacare Open Enrollment Period from November 1, 2017 to December 15, 2017. You can purchase health insurance for the upcoming year through the state-based marketplace

Or

You can purchase health insurance through HealthQuoteInfo. Call 855-614-5057 to shop around and save!

 

Residents can take a look at the website named Connect for Health Colorado to browse a variety of different options. During the last Open Enrollment Period, the goal was to sell more plans to Colorado residents and decrease the rate of uninsured individuals.

After analyzing the data that has trickled in, it appears young people between the ages of 18 to 34 were not keen on buying insurance through the state-based marketplace. Experts are not too sure why this demographic has shown little interest in health coverage, but some believe young people tend to be healthier. Therefore they see no reason to purchase a plan compared to older age brackets.

Since the enactment of the Affordable Care Act by President Obama back in 2010, all state residents are required to have a health insurance plan. If an individual or a household does not have health insurance, they’re subject to hefty fine when it comes time to do their taxes.

State-Based Marketplace

When the ACA came into effect, each state had the option to either use the federally facilitated marketplace or create their own state-based ones. Colorado along with a handful of other states opted for the second option, and Connect for Health Colorado was established soon after and has been in operation since.

Residents can also use tax credits and cost-sharing subsidies provided by the federal government in a bid to reduce their health care costs. The state-based exchange can also help small businesses purchase health insurance for their employees. Although, it’s important to note the company must have less than 50 employees on the payroll.

It’s important not to miss the Open Enrollment Period and adequately prepare to choose a plan of action. If you have any questions, you can always speak to one of our specialists at HealthQuoteInfo. Just call one of our agents at 855-614-5057.