How Much Does Individual Health Insurance Cost in Colorado

Having health insurance coverage is essential for a variety of reasons. First, it protects you and your family by reimbursing for medical expenses that can arise from sudden health risks such as illnesses and injuries. It also covers most pre-and post-hospitalization expenses.

The amount you pay for your insurance coverage depends on your medical needs and preferences. But generally, the average cost of insurance in Colorado is about $377 per month (2021).

When is an Individual Plan Right for You?

In Colorado, you have access to various health insurance programs, and the individual plan is one of the most popular options. As such, an individual plan may work best for you if:

  • You are a sole proprietor
  • You have insurance coverage, but your needs have changed
  • Your current health plan does not cover your dependents or spouses
  • Your employer does not provide a group health coverage option
  • Your current insurance plan is too expensive

What Are the Best Insurance Companies in Colorado?

Colorado has  several health insurance companies offering multiple health plans at pocket-friendly prices. Here is a list of the eight best insurance companies in Colorado to consider.

Friday Health

Friday Health offers some of the most flexible health plans for individuals, families, self-employed, and businesses. Friday employs a consumer-based approach to health insurance, which focuses on general simplicity, innovative technology, operational efficiency, and excellent customer service.

Cigna

 Cigna offers Silver, Bronze, and Gold ACA-compliant health plans that come with a range of deductibles through Cigna’s Connect EPO network. Cigna plans are popular among the self-employed, families, and individual clients.

Bright Health

Bright Health is one of the largest individual insurance carriers in Colorado. It offers flexible, Medicare Advantage, employer-sponsored benefits, and individual healthcare plans. Bright insurance members have access to over 600 clinics, 5,000 health providers, and 50 hospitals and emergency care facilities.

Rocky Mountain Health Plans

Rocky is a nonprofit HMO-centric health care program that provides a group of plan options for small businesses. Businesses can access quality health coverage through Rocky plans that could have otherwise been too expensive to afford. Rocky Mountain Health Plans also offer an H.S.A plan, allowing individuals and families to contribute pretax income and direct it to a health saving account.

Denver Health Medical Plan

Denver Health offers unique health plans for individuals who don’t intend to use their healthcare but wish to have a health policy available to address emergencies. Denver medical plan is popular among seasonal workers, college students, independent contractors, and the self-employed.

Anthem Blue Cross & Blue Shield

Anthem Blue Cross & Blue Shield is Colorado’s largest insurance provider with an array of health plans. It is popular among self-employed individuals and families. Anthem’s ACA (Affordable Care Act) policy options include doctor and prescription copays and insurance policies with deductibles.

Kaiser Permanente

Kaiser Permanente provides three ACA-compliant plans (Silver, Bronze, and Gold) for Colorado residents. These programs focus on care services for adult medicine, family care, and pediatrics. Kaiser plans can also allow you to change your primary doctor whenever you wish.

Oscar Health

Oscar Health aims at making a healthier life affordable and accessible to Coloradoans. Oscar insurance buyers have access to specialists, primary care providers, and hospitals across the larger Denver area. It also offers a specialized health plan for healthy individuals (under 30) who need catastrophic insurance.

How to Find the Best Plan with Design Health

Your family and business mean the world to you, so it’s important to protect them with the most appropriate health plans. However, you don’t have to worry about where to get coverage because, at Design Health, we are here to help.

We will guide you through every step to ensure you find a perfect plan for you, your family, or your businesses, considering your budget and unique needs. Please contact us online or call us at 720-330-2283 to schedule a consultation with our health insurance advisors.

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