Colorado Marketplace Health Insurance Plans
Qualified Plans on Connect for Health Colorado
Beginning October 1, 2013, each state was required by law to have a new online marketplace where residents can buy health insurance. In these marketplaces, most states will offer five tiers of Obamacare Health Exchange Plans: platinum, gold, silver, bronze and catastrophic. Platinum plans will offer the highest level of coverage but tend to cost more in monthly premiums. Bronze plans will cover only a bare minimum of health care expenses but tend to have low premiums. If you are relatively healthy and want to pay less up front, consider a lower-tier plan such as bronze or silver.
You should also look at a Connect for Health Colorado plan if you are lower-income, because the government will give financial help on a sliding scale to pay for premiums, and better benefits if you select a silver-tier plan. If you have not already done so, we can tell you if a Connect for Health Colorado plan makes sense given your income on the State Overview tab, under the heading, "Do I Qualify For a Tax Break?"
Read ACA and Health Insurance: Which "Metal" Tier is Right for You? for more advice on choosing between metal tiers.
All Savers Insurance Company. All Savers is a part of United Healthcare Company, a division of United Health Group, the largest U.S. insurance company with over 70 million members. Its national network includes over 726,500 doctors and 5,600 hospitals. All Savers offers nine exchange plans in Colorado.
Cigna Health and Life Insurance Company. Formed in 1982, the global health service company serves 75 million members worldwide. Colorado residents who buy a Cigna exchange plan have access to the entire network, however, the plans are more expensive than competitors for that reason, according to the Denver Business Journal. Cigna’s local network is Denver LocalPlus.
Colorado Choice Health Plans (CCHP). Established in 1972 to provide health insurance to residents living in the San Luis Valley, the nonprofit now offers coverage in more than thirty counties.
Colorado HealthOP. This new, nonprofit, member-governed, co-op is the first of its kind in Colorado. Sponsored by the Rocky Mountain Farmers Union (RMFU) Educational and Charitable Foundation, Colorado HealthOP offers statewide coverage through the Cigna and Cofinity Rental networks, according to the company. The PPO network is available statewide, but the EPO network is limited to the following counties: Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Gilpin, Grand, Jefferson, La Plata, Larimer, Logan, Morgan, Park, Summit and Weld. Colorado HealthOP covers health services for transgender residents, reports The Denver Post. Colorado HealthOP offers two plans on the exchange through the following two networks: CoOpCentralMetro and CoOpStateWideOne.
Denver Health Medical Plan, Inc. Established in 1997, this health maintenance organization (HMO) is an entity of the Denver Health and Hospital Authority (DHHA) and serves more than 15,000 Denver residents. DHMP offers four exchange plans.
HMO Colorado Inc. (Anthem Blue Cross and Blue Shield). As an open access health maintenance organization (HMO), members do not need to get referrals to see specialists. Colorado residents who buy an Anthem exchange plan may not have access to the entire network of doctors and hospitals. Its physician network has been reduced by 40 percent compared with plans sold off the exchange, reports the Denver Business Journal. Anthem offers fourteen exchange plans.
Humana Health Plan & Humana Insurance Company. Established in 1974 in Louisville, Ky., Humana is one of the largest U.S. health insurance companies with over 11.5 million members.
Kaiser Foundation Health Plan of Colorado. Established in 1945, the Kaiser Foundation Health Plan of Colorado is a subsidiary of Kaiser Permanente, one of the largest nonprofit health insurance companies in the U.S. with over 540,400 members in the following counties: Denver, Colorado Springs, Boulder and Pueblo. Its network includes 17,157 doctors and 37 hospitals. Kaiser also covers health services for transgender residents, reports The Denver Post. Kaiser offers twenty-seven exchange plans through the following three networks: KP DenverBoulder, Northern Colorado and Southern Colorado.
Access Health Colorado (New Health Ventures). Established in 1994, this nonprofit company is sponsored by Children’s Hospital Colorado, Colorado Community Managed Care Network and the University of Colorado/University Physicians, Inc. Access Health offers six exchange plans.
Rocky Mountain HMO. For over 35 years, this independent, nonprofit health insurance company is the only insurer to serve every market including employers, individuals, Medicare, Medicaid, and Child Health Plan Plus (CHP+) beneficiaries, according to the company. Rocky Mountain HMO offers eighteen exchange plans through the following four networks: Rocky Mountain HMO Colorado Springs Health Partners Provider Network, Rocky Mountain HMO Mesa County Provider Network, Rocky Mountain HMO New West Provider Network, Rocky Mountain HMO Statewide Provider Network.
Last updated by Heilbrunn, Evi | December 6, 2013