Individual Health Insurance

Shopping for Colorado Health Insurance?

Posted on Dec 2, 2016

One piece of advice — don’t go it alone. We will make sure you get set up with the right health plan at the right price whether that plan is inside Connect for Health Colorado (the marketplace) or outside of it. Call 970.484.1250 for free advice and expert support or click here for instant health insurance quotes. No personal information required. Get Quotes...

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UPDATED Individual Tax Subsidy Calculator

Posted on Oct 7, 2013

UPDATE 10/7/2013 For some reason, the individual/family health insurance subsidy calculator seems to have been removed from the Connect for Health Colorado website. As an alternative, The Berkeley Labor Center’s calculator has been widely cited as one of the more reliable individual/family tax credit calculators. Please note, however, that this is only an estimate and the premium estimates are based upon national average Silver plan pricing. For assistance with your actual tax credit determination for Colorado, contact us at 970.484.1250. Colorado’s new insurance marketplace, Connect...

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Are Health Savings Accounts a Good Investment?

Posted on Sep 17, 2013

A growing trend in both individual and employer sponsored healthcare, using a health savings account (HSA), is a great option for some. HSA accounts are bank accounts that are  paired with a high deductible health plan (HDHP), and are primarily used to pay for medical expenses. One of the chief advantages is that this money can be used tax free, which roughly equates to a 25% savings on health care expenses that are paid from the account. Another perk is that once the account reaches a certain amount, that money can be invested in stocks, bonds, and mutual funds. HSAs are growing in...

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Are You Eligible for a Subsidy?

Posted on Sep 11, 2013

In order to make health insurance coverage affordable for a larger number of people, insurance subsidies will be available to help offset the cost of premiums. To be eligible for a subsidy, you must not have access to a qualified plan through your employer, and your income needs to fall between the range of 100%-400% of the Federal Poverty Level (FPL). (If you make less than 133% of FPL, you will qualify for Medicaid.) Under the Affordable Care Act (ACA), premium costs may fall between 2%-9.5% of your annual income, and are scaled up or down depending on how much money you make. For next...

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Health Insurance 101

Posted on Aug 30, 2013

It’s important to understand health insurance basics. Read on to learn how it works, and why it’s important to have. How does health insurance work? Health insurance spreads medical costs among groups of people. Health insurance works best when large, diverse (young, old, healthy, sick) groups of people purchase health insurance and pay their premiums monthly. Why do we have health insurance? We cannot predict when there will be an accident or sudden illness. Medical costs are very expensive, and health insurance helps alleviate that financial burden. In fact, the number one reason for...

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Colorado’s Exchange: Final Health Insurance Rates Released

Posted on Aug 30, 2013

The Colorado Division of Insurance has released the final rates and plans that will go into effect on January 1, 2014. Open enrollment begins on October 1, 2013 and runs through March 31, 2014. Plans are split into 4 tiers. Bronze plans will cover 60% of costs paid by the plan; silver plans cover 70%, gold 80% and platinum 90%. Accordingly, plans will cost more as the level goes up. There are variations within each tier level, including different copay amounts, deductibles and out of pocket maximums. Catastrophic plans are also available, but only for people under age 30 or who meet specific...

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