As a result of the Presidential election, there has been a lot of talk about health care. What remains constant and true is that it is important to continue to protect the health and financial future of you and your family. Did you know the average cost of a 3-day hospital stay is $30,000? Or that fixing a broken leg can cost up to $7,500? Having health coverage can help protect you from high, unexpected costs like these. Broken bones, disease and other chronic conditions aren’t political and can happen at any time. Most are treatable and in some cases preventable if you have access to care and health insurance. Make sure you renew so that you are covered for 2017.
By shopping with Connect for Health Colorado®, you can get access to financial assistance to help lower your monthly health insurance costs AND you avoid a tax penalty when you file your tax return in April. If you go uninsured in 2017, you may face a tax penalty of at least $695 or much more depending on your income.
You have three options to get covered and avoid the penalty:
Coverage through Your Parents
If you are under age 26, you may be able to get health insurance through your parents’ health insurance plan.
Colorado Young Adult (CYA) Plans
If you are between the ages of 18 and 29*, you can buy one of our Colorado Young Adult, or CYA, plans. CYA plans are designed for people who are in good health. These plans typically have a high deductible and lower premium and are designed to protect you from high cost emergencies. CYA plans cover three primary care visits per year at no cost, even before you’ve met your deductible. They also cover some preventive services for free. Advance premium tax credits and cost-sharing reductions cannot be used to reduce the cost of CYA Plans. These plans are also be available to certain Coloradans with low incomes. CYA plans may also be referred to as a catastrophic plan or catastrophic coverage.
*CYA plans cover only individuals who have not reached the age of 30 prior to the first day of the plan year or have received a certificate of exemption from the federal shared responsibility requirement based on hardship and affordability.
Our traditional health insurance plan options are arranged by coverage level: bronze, silver, gold and platinum. These coverage levels are based on the percentage of the costs you would pay for receiving services and the costs the carrier would pay. Learn more on how to choose the right plan for you!
Here’s how to get started:
- See if you qualify for financial assistance.
- Before you shop, quickly browse our 2017 plans. Find a plan that includes your doctor and medications. Find a plan that includes your doctor and medications. Save and print a PDF of your selections to assist you when you are ready to complete an application and shop.
- Find free, in-person help. Find an expert in your area to help you throughout the process. We have walk-in Enrollment Centers, along with certified Brokers and Assisters throughout the state ready to help you in person and free of charge. Make sure to have these documents with you.