Thousands of Coloradans are eligible, based on income and other factors, for help paying for health insurance through Connect for Health Colorado. You can use this financial assistance right away or claim the benefit when you file your taxes. You may also qualify for health plans with lower “out-of-pocket” expenses such as co-pays and deductibles. See an overview of how the tax credit is calculated before you get started. Then, see what you may qualify for using the below estimator.
Individuals and Families
Use our Tax Credit Estimator to get an estimate of your potential savings. We’ll ask you for an estimate of your annual modified adjusted gross income (MAGI) for the period that you will be covered by insurance. Need help determining your MAGI? This will help you determine a more accurate estimate of your eligibility for financial assistance. MAGI tool.
Tax credits for small employers are available through Connect for Health Colorado. If you have fewer than 25 employees, pay average annual wages below $50,000 and provide health insurance, you may qualify for a small business tax credit of up to 50 percent (35 percent for nonprofits) to offset the cost of premiums for your employees. Use our Small Business Tax Calculator to see your potential savings.