Colorado Health InsuranceIndividuals and Families
Colorado Health Insurance
How to find an affordable plan.
In Colorado, health insurance premiums have increased as the cost of health care has risen nationwide. According to the State of Colorado, the average health insurance plan for a family getting coverage through an employer increased 40% from 2004 to 2009. A survey of quotes for individual health insurance in Colorado also shows significant increases during the same time period. The good news is that The Colorado Division of Insurance reviews most health insurance rates for individual, small group, and large group coverage for approval before these rates can take effect. But even with government regulation the cost of individual health insurance is sometimes more than an average family can afford. Sometimes it is better to look at health insurance in a new light. Consider that it's impossible to factor in every minor health insurance event your family will encounter each year. Medical visits and procedures are not always planned in advance and patients rarely know the costs of a procedure before it's done. This is where health insurance plays its most vital role. With health insurance, you simply add your insurance premium into your budget and set slightly more aside for copayments. Health Insurance Online is a great place to find affordable Colorado health insurance. Explore our resources or complete a request form to receive no obligation health insurance quotes from leading providers.
Contact Information:Health Insurance Online - Denver, Colorado
1001 16th Street #121
Telephone: (720) 383-4237
Monday - Friday 9am - 5:30pm CT
Leading Colorado Health Insurance Companies
Types of Health Insurance Plans
There are many difference coverage options when choosing health insurance policies and not all options will be right for you. Here are just some of the options available to you in Colorado:
Individual coverage: Just like it sounds, individual coverage covers you as an individual. Your underwriting approval is based on your individual health history and the policy covers you alone. You may be able to add riders to cover your children or spouse. Individual coverage offers many different options in copayments and deductibles.
Group Insurance: Many employers, unions and fraternal groups throughout Colorado offer group insurance benefits to their employee members. Group insurance is underwritten based on the experience of similar groups. If you leave the group you will be able to continue coverage under COBRA for up to 18 months (higher premiums might be expected).
HMO or PPO: Both HMO's and PPO's use pre-established physician networks that policyholders are permitted to visit for medical treatment. HMO's give policyholders no insurance coverage when they see a physician or visit a hospital outside the insurance company's network. PPO's pay a reduced insurance benefit when policyholders visit physicians outside their network. Premiums for PPO policies are more expensive than premiums for HMO policies.
Major Medical Insurance:With major medical insurance you get coverage for catastrophic accidents and illnesses only. The coverage can cover surgery, hospital stays, doctor care and emergency transportation resulting from a sudden, serious accident or illness. In most instances, there will be a copayment or deductible that must be met.
Colorado's State High Risk Pool: The state of Colorado has a state-sponsored health insurance program for residents who are considered uninsurable. To be considered uninsurable, you must have been turned down for health insurance coverage or have been asked to pay additional premiums that are considered unaffordable to the majority of the population. The high risk pool offers normal health insurance coverage with several copayment and dividend options.
Colorado's Child Health Program (CHP): CHP is a program for uninsured children whose families make too much to qualify for Medicaid, but not enough to afford individual r group coverage. CHP offers health insurance coverage to children and pregnant women. Copayments range from $2 to $15 and there may be annual enrollment fees.
Health Savings Plan (HSA): HSA's are savings accounts that allow participants to set aside pretax funds into an account. The funds can then be used to pay for allowable medical expenses like copays, prescription drug fees, vision exams and dental visits. Many people combine the tax reducing power of an HSA with a high deductible insurance policy and use the funds in the HSA to pay for deductibles.
Resources and Information
Colorado Medicare Plans
Seniors age 65 and older are eligible for a variety of Medicare plans in Ohio. Medicare plan options include Medigap and Medicare Advantage policies:
Colorado Doctor Directory
Doctors practicing medicine in the State of Colorado are licensed by the state. Doctors accept different forms of health insurance which you can verify before setting an appointment.