Affordable Health Insurance in Colorado
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Colorado Health Insurance Fast Facts
Health Insurance in Colorado: Your Complete Guide
Finding affordable health insurance in Colorado is easier than ever with the health insurance marketplace. Whether you're looking for cheap health insurance, comprehensive medical insurance, or exploring the health insurance marketplace, Colorado residents have access to quality coverage options through Connect for Health Colorado, the state-run exchange.
Understanding the Colorado Health Insurance Marketplace
The health insurance marketplace in Colorado operates through Connect for Health Colorado, the state-run exchange that helps residents compare health insurance quotes and enroll in affordable health insurance plans. The marketplace offers medical insurance from 10 carriers, ensuring you can find cheap health insurance that meets your needs and budget.
Colorado expanded Medicaid under the Affordable Care Act, providing health insurance coverage to more low-income residents. This expansion has helped reduce the state's uninsured rate to 7.4%, well below the national average.
Average Health Insurance Costs in Colorado
For a 40-year-old, Silver health insurance plans in Colorado average $715 per month before subsidies, while a 21-year-old pays around $550 monthly. However, most Colorado residents qualify for subsidies that significantly reduce these costs—the average monthly savings is $520. About 85% of marketplace enrollees receive premium tax credits.
How to Save on Health Insurance in Colorado
Colorado residents have multiple ways to reduce their medical insurance costs and find affordable health insurance. Here are proven strategies to save on your health insurance marketplace coverage:
1. Premium Tax Credits
Colorado residents earning between 100% and 400% of the federal poverty level may qualify for premium tax credits. On average, Colorado residents save $520 per month through these enhanced subsidies. These credits automatically reduce your monthly health insurance premium when you enroll through the health insurance marketplace.
2. Cost-Sharing Reductions (CSR)
If your income is no more than 250% of the federal poverty level, you may qualify for cost-sharing reductions. CSRs help reduce your out-of-pocket costs for medical insurance, making your affordable health insurance even more budget-friendly. In 2025, 49% of Colorado marketplace enrollees selected plans with CSR benefits.
3. Compare All Metal Tiers
When comparing health insurance quotes, calculate total costs including premiums, deductibles, and out-of-pocket maximums. Sometimes a higher-tier plan provides better value for frequent healthcare users. Bronze plans have the lowest premiums but highest deductibles, while Gold and Platinum plans cost more monthly but offer lower costs when you need care.
4. Consider HMO Plans
Health Maintenance Organization (HMO) plans typically feature lower premiums and out-of-pocket costs compared to PPO plans. While coverage options may be more restricted, HMOs offer cheap health insurance for those who don't mind staying in-network and obtaining referrals for specialists.
5. Medicaid Eligibility
Over 1.5M Colorado residents are enrolled in Medicaid, which provides affordable health insurance or free medical insurance for those who qualify. Check your eligibility through Connect for Health Colorado—you may be surprised to find you qualify for this comprehensive health insurance coverage.