Financial Help Still Available for 2018
Contrary to what you may have heard, financial help will be available for 2018. You may have also heard that the current administration has decided to end Cost-Sharing Reduction payments. These payments are reimbursements to health insurance companies. It does NOT eliminate Cost-Sharing Reductions for you.
In fact, many customers receiving financial help through Connect for Health Colorado will likely pay less in 2018 than in 2017. They will see the premium that they pay (full premium minus the Premium Tax Credit amount) go down by 20% on average in 2018.
Welcome to Connect for Health Colorado®, the only place where you can apply for financial help to lower the cost of your health insurance, get access to a statewide network of certified experts who can give advice and answer your questions for free, as well as compare plans and shop online.
Three Options to Get Covered
Through Your Parent’s Plan
If you are under age 26, you may be able to stay on your parent’s health insurance plan if they are willing. However, if you are going to school or live out-of-state, be aware that your parent’s health insurance plan may not make sense for you. Most health insurance plans have a provider network that is limited to a specific local area and therefore won’t work out-of-state.
Catastrophic Health Insurance Plans
If you are under the age of 30*, you can buy a catastrophic plan. Catastrophic plans are designed for people who are in good health and want protection from high-cost, worst-case situations like a serious injury or illness. This type of plan typically has a lower monthly premium and very high annual deductible. Catastrophic plans cover at least three primary care visits during the plan year as well as some preventive services at no cost when delivered by an in-network provider, but you will pay ALL other medical costs until the annual deductible is met. Then the plan pays 100% for covered services for the rest of the plan year. Premium Tax Credits and Cost-Sharing Reductions may not be used with this type of plan.
*To be eligible for a catastrophic plan, you must be under 30 on 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.
Traditional Health Insurance Plans
Our traditional health insurance plan options are arranged into four coverage levels – Platinum, Gold, Silver and Bronze – to help you narrow your options based on your budget and health need. These levels show, on average, how much of the cost of medical services is covered by the health insurance company and how much is paid for by the customer. Learn more health insurance about and the questions to ask before you buy.
We are currently in the Open Enrollment Period – the one window of time each year in which Coloradans applying for private health insurance are allowed to shop for a new plan, without a qualifying Life Change Event. To ensure you are covered for 2018, be sure to buy your plan before Jan. 12, 2018. Coverage purchased before Jan. 12th will be effective starting Feb. 1st.
Your Connection to Savings on Health Insurance
There are two types of financial help available only through Connect for Health Colorado. Our customers received an average of $369 per month in 2017 to help reduce their monthly premium costs. Don’t assume you make too much to qualify – you may be surprised! (Note that financial help can not be used for catastrophic health plans.)
Graph: Eligibility for financial help based on household size and annual income
Estimate Your Savings - You May Be Surprised!
Explore our Health Insurance Resources
Health insurance can seem complex and confusing, so we’ve put together a variety of resources to help you feel more confident buying and using your health insurance.
- Health Insurance 101
- How Costs Work – Key Elements that Determine How Much You Pay
- The Benefits All Plans Cover including Free Preventive Care
- Types of Plans
- 6 Questions to Ask Before You Buy
- Ways to Save
- Common Questions After You Buy
- Using Health Insurance
Compare Plans Before You Shop
Use our quick and easy online tool to compare plans based on what matters to you most – covered doctors and medications, monthly premium, estimated total healthcare cost for the year and more!Compare Plans
Talk to a Certified Expert for Free
Shopping for health insurance can be complicated, but you don’t have to do it alone. Across Colorado, from Durango to Greeley, we are ready to help you in-person and at no cost. Get connected to someone in your area.Get Free, Expert Help
After You Buy
Once you’re covered, your insurance company will send you an invoice for your first month’s premium. Make sure to pay that on time, each month to keep your coverage. Timing of invoicing and the receipt of membership materials varies by company, but here is what to expect after enrollment.
Make the most out of your comprehensive coverage by understanding the benefits included in your plan. Our Using Your Health Insurance page offers helpful suggestions, including how to choose an in-network doctor and what to do in an emergency.
All private health plans available through Connect for Health Colorado must cover a set of essential health benefits, including many free, preventive services like cancer screenings, immunizations, smoking cessation, and well-baby and well-child visits. Make sure you take advantage of these free services to stay healthy throughout the year!