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. Do the math: Isn’t it better to be covered in case of an emergency than to pay a penalty for zero coverage? If you’re uninsured, you’ll have to pay the full cost of treating that illness or injury. Common injuries like a broken bone, can cost several hundred to several thousand dollars to treat.
If you go uninsured in 2016, you may face a tax penalty of at least $695 or much more depending on your income.
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 best plan for you!
Here’s how to get started:
- See if you qualify for financial assistance!
- Browse our 2016 plans. Find a plan that includes your doctor and medications. Then click “print selected plans” to save your selections for when you’re ready to set-up an account, apply, and complete an application.
- Find in-person help. Find an expert in your area to help you throughout the process. We have walk-in enrollment centers, Brokers, and Health Coverage Guides throughout the state ready to help.
- Once you’re ready to apply, make sure to have some of these documents on hand and about 30 or so minutes to complete the process.
- November 1, 2016
- Open Enrollment for 2017 coverage begins
- January 31, 2017
- Last day to enroll for 2017 coverage