Colorado ObamaCare Bronze Plan Overview
The Health Insurance Marketplace begins enrolling October 1, 2013. The Bronze plan has the lowest monthly premium, with the highest out of pocket costs*. Colorado premiums range from the deductible offered. All plans must include theObamaCare essential health benefits.
*Some job-based plans may actually offer lower Silver plan premiums than Bronze.
CO Bronze Plans
This article deals with Bronze plans for individuals and families. Click here to learn about how the Bronze plan works for group and small businesses under ObamaCare. These plans must offer a 60/40 split with your insurance company covering 60% of your medical care. Deductibles for a CO Bronze plan range from $2,500 to $6,350. All ObamaCare plans must follow the 80/20 Affordable Care Act Rule, where 80% of plan premiums must be spent on medical care or will be refunded to members.
Colorado Bronze Premiums
For a forty year old, non-smoker Bronze monthly premiums range from $186 -$435 per month. These costs depend on area, coinsurance, deductible, and copays. These plans have a maximum out-of-pocket cost of $6,350. These premiums do not include the ObamaCare premium subsidies.
For information about your specific Bronze health plan premium call 800-930-7956.
Bronze Plan May Cost You More
The Bronze plan will cost you the least each month, but you will have to pay out pocket more with its higher deductible and fewer services covered before your plan pays.This could mean that you actually spend more per year on health care. Also, Silver is the only plan that offers ObamaCare cost-sharing subsidies to help with the costs of deductibles, coinsurance, and copays. Click here to compare Bronze Plan, Silver Plan, Gold Plan, and the Platinum Plan side-by-side.
For any questions or assistance in applying (enrollment goes from October 1, 2013 to March 31, 2014), please contact Medicoverage.