Have you been searching for affordable Colorado medical insurance plans?  If so, then you probably are entering the market without a lot of inside knowledge.  Most people who are new to the individual insurance market are not prepared to buy a healthcare plan.  You may have spent some time reading about health savings accounts (HSAs), high deductible health plans and fee-for-service plans and discovered they didn’t meet your family’s healthcare needs.  If you have spent any time looking at HMOs and PPOs, you may have found them too pricey.  But what are the alternatives the most common Colorado medical insurance plans? 

Don’t get caught up in the belief that standard Colorado medical insurance plans are your only option.  If you are in between jobs or seeking insurance for a pre-existing condition, or you cannot afford traditional health insurance, there are some other options to consider.  Look for alternatives from state and federal programs and find out if you qualify.

• Child Health Plus Plan – Also known as CHP+, this play may be the perfect solution for insuring your children, provided that your family falls into the specified income brackets.
• Medicaid – You could qualify for Medicaid if you have an existing condition or disability and fall into a low income bracket.  These plans, which are run by major insurance companies, include all major medical expenses for families who qualify.
• Medicare – You don’t have to be over 65 to qualify for Medicare.  People with pre-existing disabilities may also qualify, provided that it meets Medicare requirements.
• CoverColorado – A state-run insurance program that sells Colorado medical insurance plans to selected high-risk individuals, this plan helps people who have been turned down by other insurers because of a serious medical condition. 

Not everyone will qualify for these plans, but if you are looking for temporary coverage you may be able to purchase an affordable temporary health care plan that will meet your needs for up to six months.  High deductible plans with health savings accounts are becoming another popular way for self-employed individuals to remain insured.

To find out about how Colorado medical insurance plans work, or how you may be able to get an affordable high-deductible health care plan, consult with a Colorado health insurance broker at Healthquotes.com.  Michael Horvat is a health insurance expert and broker with HealthQuotes.com in Colorado Springs, CO.  If you are searching for Colorado health insurance plans or quotes, please give Michael a call anytime at 800-345-0789.

 

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