Things to Consider
Tax Credits?
- The ACA (Affordable Care Act) created Advanced Premium Tax Credits to make health insurance premiums more affordable for middle class families.
- Connect for Health Colorado is the only place for Coloradans to apply & receive tax credit.
- The American Rescue Plan Act expanded tax credits. More people than ever are qualifying to lower their premium.
Open Enrollment?
- Everyone, regardless of health, is guaranteed access to health insurance.
- Open Enrollment is a specific time to enroll in health insurance: November 1st – January 15th.
- Enrollments completed on or before December 15th will be effective January 1st
- Enrollments completed December 16th – January 15th will be effective February 1st
- A Special Enrollment is available if you have a Qualifying Event that causes you to lose health insurance.
Tax Penalty?
- Effective January 1, 2020, the “Individual Mandate” – requiring all Americans to have ACA – Affordable Care Act approved health insurance or pay a penalty – has been eliminated. You will not be fined if you choose to go without health insurance.
- Please talk with us before going this route. We may have a more affordable option.
Financial Options
Don’t Qualify for Financial Assistance? Shop Direct with a Free Confidential Quote.
Looking for an Alternative to the Affordable Care Act?
Health Sharing Plans
- Altrua HealthShare is a faith based health sharing alternative to ACA approved health insurance.
- This product is “underwritten” – meaning you must meet the stringent health guidelines to be accepted.
- Altrua functions similar to insurance, but it is important to note Altrua is NOT insurance. It is important to read all details and limitations of coverage in making this decision.
- Altrua HealthShare – Disclaimer & Legal Notices – Please Read.
- ReDirect Health is a health sharing alternative to ACA approved health insurance.
- This product is “underwritten” – meaning, you must meet the health guidelines to be accepted
- ReDirect Health functions similar to insurance, but it is important to note ReDirect Health in NOT insurance. It is important to read all details and limitations of coverage in making this decision.
- Uses Multiplan PHCS network
SHORT TERM POLICIES
Short Term Plans not available in Colorado!
PROS
Apply anytime – no need for a qualifying event:
- Missed open Enrollment – no problem.
- Changed employers and new coverage starts after 60 days.
- Coverage can stat in 1 day.
Large Networks.
CONS
Not ACA approved coverage.
Underwritten ~ you must be healthly to qualify for coverage.
Pre-existing conditions are not covered (including pregnancy).
SHORT TERM INSURANCE OPTIONS
