Marketplace - Connect for Health Colorado
Connect for Health Colorado is a new online health insurance marketplace where individuals, families and small employers can shop for health insurance plans. Coverage is available regardless of health status with no waiting periods or exclusions for pre-existing health conditions.
A major advantage of Connect for Health Colorado is exclusive access to new financial assistance for many individuals and families, and premium tax credits for certain small businesses.
Whether you are an individual or a small business, 360benefits can help you explore all of your options, both on and off the Marketplace. Our expert guidance includes helping you determine the best financial path to qualify for a government subsidy or tax credit.
Premium Tax Credit for Individuals
Connect for Health Colorado is the only place where Coloradans can access a new kind of tax credit that can be used upfront to reduce the cost of commercial health insurance. The average tax credit received by customers during the open enrollment period was over $275 a month, which could be used upfront to reduce the cost of the monthly premium. Eligibility for tax credits and a second form of financial assistance, known as cost-sharing reductions, are based on income and other factors.
Click below to estimate your tax credit.
Premium Tax Credit for Small Business
Connect for Health Colorado News
Federal tax credits are available for certain small employers and non-profits to help cover the cost of health insurance for employees and their families. These tax credits can cover up to 50 percent of premium costs for small employers and 35 percent of premium costs for non-profits.
Click below to find out if you might qualify for a tax credit, and if so, what amount you may expect.