Choosing health insurance is a personal decision. There are many things you will want to consider when selecting a plan like:
- Would you rather pay more each month (premium) and less when you see the doctor (co-pays,coinsurance or deductible)?
- Would you prefer to pay less each month (premium) and more when you need to see the doctor (co-pays, coinsurance or deductible)?
- Do you have a specific doctor you like to see? Some plans only include particular doctors. See if your doctor is included before you buy your plan by using the Provider Look-up in our Plan Finder Tool. Because doctors can change insurance networks, we recommend contacting your insurance company for the most up-to-date list.
- Do you take a specific medication? See if it is included in your plan before purchasing it by using the Medication Look-up in our Plan Finder Tool. Again, make sure to confirm this with your insurance company before you purchase.
Health plans are arranged into four levels of coverage: platinum, gold, silver and bronze. These levels show, on average, how much of the cost of medical services is covered by the carrier and how much is paid for by the customer. These expenses happen at the time of health care services, for example when you visit the doctor or the emergency room. Platinum plans will generally have the highest monthly premiums, while the customer will pay the least when receiving medical care. Bronze plans will generally have the lowest monthly premiums, while the customer will pay the most when actually receiving medical care. Coverage levels are also known as metal tiers.
You can choose the level of coverage that best meets your health needs and budget.
|Coverage Level||Percentage of average expenses paid by health plan||Percentage of average expenses paid by consumer|
You can search based on all of these factors using our Plan Finder Tool. There are many additional questions you may want to consider included in the State of Colorado’s Division of Insurance’s Buyer’s Guide.