How do individuals receive Cost-Sharing Reductions?

When starting the application, you should indicate that you are interested in receiving financial help to lower the cost of health insurance. Connect for Health Colorado will determine eligibility for financial help based on income, household size, and a few other factors.

Cost-Sharing Reductions are not payments; rather, they are applied to the Silver-level plan you select to lower the out-of-pocket payments associated with that plan. This means that, when you use health care services, you will pay lower deductibles, co-payments, and prescription drug costs. To access these savings, you must qualify and buy a Silver-level plan through Connect for Health Colorado.

Related FAQs:
Am I eligible for financial assistance to help pay for health insurance?
What is a Cost-Sharing Reduction?
How do individuals receive Premium Tax Credits?
How can I apply for coverage and financial assistance through the Marketplace?

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