After tax credits, many insurance plans in Garfield, Summit Counties are less expensive than those in Denver

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Concerns have been raised about the price of health coverage offered through the Connect for Health Colorado insurance marketplace in some mountain and western slope counties. The press and residents have noted that premiums seem much higher than other parts of the state. The debate about monthly insurance premiums in counties like Garfield and Summit, however, has failed to consider the cost of coverage after financial assistance available under the Affordable Care Act (ACA). Working individuals and families who do not have access to affordable health insurance through their employer are likely to be eligible for tax credits to help cover the cost of insurance plans purchased through Colorado’s health insurance marketplace, Connect for Health Colorado.

CCLP finds that tax credits available through Connect for Health Colorado lower average premiums for many Summit County and Garfield County residents to levels below those paid by Denver residents, even though unsubsidized premiums maybe 60-70 percent higher. Surprisingly, catastrophic coverage that is available to younger adults through Connect for Health Colorado is frequently more expensive than comprehensive coverage in Garfield, Summit, and Denver counties. Income and demographic information suggests that thousands in Summit and Garfield counties may be eligible for the tax credits.

Average monthly premium after tax credits for 64-year-old nonsmoker by income level
Figure 3. Average monthly premium after tax credits for 64-year-old nonsmoker by income level

Figure 3. Average monthly premium after tax credits for 64-year-old nonsmoker by income level

 

Contact:

Kyle Brown
Senior Health Policy Analyst
303-349-7421 ext.304
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