Medical treatment costs are high in Denver and can cause financial damage, underlining the importance of affordable and comprehensive health insurance. However, several plans offer cheap health insurance.
This blog explains some of the best cheap health insurance plans available in Denver, including benefits and costs, out-of-pocket expenses, and deductibles.
Top Cheap Health Insurance in Denver
There are multiple health insurance providers in Denver. We shortlist the top contenders.
Beem
Beem, an insurance platform, lets you choose from multiple plans suited for different lifestyles and budgets. It can assist you with temporary health insurance, accident insurance, critical illness coverage, or dental plans, for individuals and families.
| Factors | Details |
| Pros | Advantages for offline office visits and urgent care. Large national networks are accessible. Provides options for individual and family plans. Flexible coverage duration (30 days to 1 year). |
| Cons | It may not be suitable for long-term coverage. |
| Monthly Cost | Ranges between $391 and $407 depending on the plan and coverage. |
| Out-of-Pocket Expenses | Varies based on the plan selected. |
| Deductibles | Ranges from $1,000 to $5,000. |
Rocky Mountain Health
Rocky Mountain Health Plans has a large network that can provide health insurance plans suitable for individuals and families. Also, it provides Medicare and community plans such as Medicaid and CHP+.
| Factors | Details |
| Pros | It gets the focus of local providers. Competitive premiums. Strong community presence among the residents. |
| Cons | Limited plan options. |
| Monthly Cost | Depends on the coverage, but monthly premiums start at around $210. |
| Out-of-Pocket Expenses | It varies based on the plan selected and starts from $7,000. |
| Deductibles | It can range from as high as $7,000 for individuals and $14,000 for families, depending on the insurance and type of plan selected. |
Denver Health Medical Plan
Denver Health Medical Plan is a local non-profit organization that offers plans such as individuals and families, Medicare, CHP+, Medicaid and DHHA employers’ plans.
| Factors | Details |
| Pros | Affordable premiums that can be accessed by many. Comprehensive coverage to cover the required costs. Strong focus on the health of the community. |
| Cons | A limited number of providers. Limited to the area of Denver only. |
| Monthly Cost | It depends upon the selection, but plans start from $361 per month. |
| Out-of-Pocket Expenses | Ranges from $7,100 to $8,700 for individuals and from $14,200 to $17,400 for families. |
| Deductibles | Deductible amounts can vary between $1,700 and $6,950 for individuals and between $3,400 and $13,900 for families. |
Cigna
It provides services in fourteen states, which includes Denver. It provides three levels of metal medical coverage: bronze, silver, and gold. The bronze plan has the most affordable premiums but the highest deductible and out-of-pocket expenses, whereas the gold plan has the highest premium but the lowest out-of-pocket costs. It provides a complete selection of health insurance plans.
| Factors | Details |
| Pros | Large and spread global network. Focuses on strong and preventive care. Reliable customer support. |
| Cons | Premium costs could be high. |
| Monthly Cost | A 21-year-old can expect to pay $390, and it goes up as age increases. However, the monthly cost varies depending on your choice of plan. |
| Out-of-Pocket Expenses | Can be around $9,450 for an individual with a bronze plan. |
| Deductibles | Deductibles for Cigna plans can be around $7,500 for individuals and $15,000 for families. |
Anthem Blue Cross and Blue Shield
This is a top insurer known for its wide-ranging networks and quality customer service. In addition, they provide health insurance options like Medicare, Medicaid Plans, and Small Business Plans.
| Factors | Details |
| Pros | Strong customer service. Vast provider network. Wellness program benefits. |
| Cons | It may not be suitable for someone who is looking for a budget-friendly option. |
| Monthly Cost | Premiums start at approximately $220 per month. It may change depending on the needs and plan selected. |
| Out-of-Pocket Expenses | Can range between $4,500 to $8,000 depending on the plan chosen. |
| Deductibles | Vary widely by plan. |
Conclusion
Affordable health insurance is necessary in Denver because the medical costs are quite high, as finding affordable and comprehensive health insurance is tough. However, a few plans in Denver are good options. Platforms like Beem can help you compare and find the best insurance plan per your needs and budget. After comparing and understanding several options, you can find a plan that meets your needs and helps safeguard your financial stability.
Read Related Article: Cheap health insurance in Delaware.
FAQs
Who has the lowest health insurance rates in Denver?
With rates varying depending on your individual circumstances, Trybeem and Denver Health Medical Plan often post the lowest monthly premiums in Denver.
How to get free health insurance in Denver?
Medicaid usually offers free health coverage. Qualification is based on income and additional criteria. Moreover, community health centers and programs might provide fees that adjust according to income levels.
Which insurer has low deductibles and out of pockets in Denver?
Plans like Denver Health Medical Plan and Cigna offer options with lower deductibles and out-of-pocket costs in their higher-tier plans. Comparing specific plan details is essential to find the best value.
