Affordable Colorado Health Insurance Quotes

Looking for affordable health insurance in Colorado? We can help you identify which health insurance companies are offering Colorado medical insurance plans in your city (Denver, Boulder, Ft. Collins, Colorado Springs, Grand Junction, other) or county (Summit, Jefferon, Adams, Arapahoe, Douglas, El Paso, Larimer, Mesa Pueblo, Weld, etc. You will then also want to look at different types of healthcare insurance in Colorado. Once you have chosen a medical plan you will have to apply for the health insurance policy and go through the underwriting process. Processing time for your application will vary from 1 day to 4 weeks or longer. Most applications process in about 2 weeks. Once you are approved the insurance company will notify you in writing and send you your insurance policy or medical insurance certificate by mail. Some carriers will allow you to print temporary ID cards online.

Colorado Health Plans

There are several federal and state insurance laws that are designed to help people with pre-existing conditions to get Colorado health insurance. Specific information about the laws protecting you can be found on the State of Colorado’s Department of Regulatory Agencies – Division of Insurance

If you leave your job you can continue your group health insurance coverage through COBRA or state continuation coverage. You may also be eligible for federal tax credits through ARRA. You should also look into individual and family health insurance plans in Colorado.

Depending on what type of health insurance benefits you want you may opt for a:

  • health savings account – HSA
  • preferred provider organization – PPO
  • health maintenance organization – HMO
  • point of service – POS plan.

Many people prefer benefit reach (high price) copay plans, others opt for high deductible health plans (low price) and open health savings accounts in Colorado – Colorado HSA’s.

If you are lucky enough to not have any pre-existing medical conditions then you shouldn’t have any problems getting affordable medical coverage in Colorado. All healthcare plans in Colorado have limits and rules for pre-existing conditions. If you have a pre-existing condition make you sure you find out what the limits are and how they will effect you. Family and individual health plans in Colorado are medically underwritten and the insurance company can turn you down based on your health. If your employer offers you coverage under their group health insurance plan then you cannot be denied access because of your health. Fully insured small group health plans are guaranteed issue, so you cannot be turned down (groups must meet the eligibility requirements). In order to eligible for a group health plan you must satisfy certain requirements.

Colorado individual health insurance plans can turn you down for health reasons. Health insurance companies can impose elimination riders for health conditions, but not for body parts or systems. Cover Colorado is the only source for HIPAA eligible individuals looking for individual health insurance.

Colorado Health Insurance Providers

Colorado’s high risk pool is called CoverColorado , and is specifically for people who are HIPAA eligible or have a pre-existing conditon that prevents them from being able to get private coverage. CoverColorado offers eight preferred provider organization (PPO) plans. There are differences between cover Colorado plans and the individual health insurance plans so be sure to look closely at the details of coverage. CoverColorado is Colorado’s health insurance for the uninsurable.

HIPAA eligibility – you must have had 18 months of continuous creditable coverage on a group health insurance plan, AND you must have used up all of your COBRA or continuation coverage benefits, AND you must not be eligible for Medicaid, Medicare, or a group health insurance plan, AND you must not have health insurance. You also have to apply within 90 days of losing your prior coverage or you will lose your eligibility.

If you are not eligible under HIPAA laws you buy can still buy a policy from CoverColorado. The catch is that you have to be considered uninsurable. In order to be considered uninsurable you will have to have been declined for individual or family health insurance within the past 6 months, OR had your health insurance terminated for reasons other than failure to pay, OR are uninsured and have a diagnosis of HIV/AIDS, diabetes, or cancer. If you are transferring form a high risk pool in another state you are also eilgible for a plan from CoverColorado.

Colorado Health Insurance Companies

There are many good companies and you really do have a lot of options. However there are some companies and some plans that are not very good. These are the companies that we think are worth looking into. Which health insurance company is the best depends on your personal preferences and health.

Colorado Individual health insurance premiums will vary, so it is a good idea to get quotes from all the carriers that interest you. The final rates are based on your health, sex, age, where you live, etc. Annual premium increases should be expected from all health insurance companies, if your lucky they might stay the same for a year or two. You cannot be singled out for premium increases. Premium increases are based on class and effect everyone in a class equally. Premiums will increase as you get older.

Individual Health Insurance Companies

  • Aetna
  • American Medical Security
  • Anthem Blue Cross Blue Shield
  • Celtic Insurance
  • Cigna
  • Companion Life Insurance
  • Golden Rule
  • Humana / HumanaOne
  • Imerica Life and Health Insurance Company
  • John Alden Life Insurance Company
  • Kaiser Permanente
  • Rocky Mountain Health Plans
  • Time Insurance Company
  • United Healthcare
  • World Insurance Company

There are a few other Colorado health insurance carriers but I don’t think their products and prices are any better than the medical insurance companies mentioned above. Each health insurance company will offers several different types of plans. Make sure you are comparing plans with similar levels of coverage (i.e. same deductible, co-insurance, co-pays, etc). Whether a plan is considered to be major medical health plan or Colorado catastrophic health insurance is based on what the plans covers and what is excluded form coverage. Most of the health insurance plans you will be comparing are going to be major medical plans. Be watchful for variations in the healthcare coverage they offer for doctor visits, prescription drug coverage, emergency room usage, hospitalization. Also look for things that are specifically excluded from coverage. Ask for benefit summaries for the different health insurance plans you are reviewing.