Health Insurance

Best Cheap Health Insurance in Colorado 2021

Best Cheap Health Insurance in Colorado 2021

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You could save $182 per month by comparing health insurance prices and finding the cheapest Silver plan in Colorado.

The cheapest health insurance plan in Colorado for most people is the Silver X plan from Friday Health. It is the cheapest Silver policy in 11 of the state's counties. Alternatively, shoppers may find cheap coverage with the Silver 5000 Rx Copay or the Anthem Silver Pathway X HMO 5500 plan.

Colorado's Connect for Health state insurance marketplace offers Affordable Care Act (ACA) health plans for purchase. But if your household income falls below 138% of the federal poverty level, you can acquire health insurance through the federally funded Medicaid program.

Cheapest health insurance by metal tier

We analyzed all the health insurance policies offered on the Connect for Health marketplace to find the most affordable health plan for each metal tier. Although these are the cheapest plans available, they may not be offered to everyone, since the availability of insurers and health policies is determined by the county you live in. The table below should be used as an initial guide to determine what metal tier is most appropriate depending on your financial and health situation.

Metal tier
Cheapest plan
Out-of-pocket max
BronzeBronze 8550 Rx Copay$8,550$8,550$254
SilverKP CO Silver 2500/25$2,500$8,550$278.20
GoldFriday Gold Rx Copay X$950$8,250$259.35

Colorado health insurance policies are broken down into three metal tiers: Bronze, Silver and Gold. The higher tiers have the most expensive premiums but also smaller out-of-pocket maximums and deductibles.

A health insurance provider will take into account your age when determining the rate you will receive. Since you are more likely to use health services as you age, the average cost of health insurance will increase if you are older.

For example, a 60-year-old would pay 114% more for a Silver policy when compared to a 40-year-old, or $458 more per month on average. That same 40-year-old shopper would find premiums that were 27% more expensive than premiums for a 21-year-old.

Finding the best health insurance coverage in Colorado

The best health insurance coverage for you will be determined by your financial situation and medical needs. The two largest differentiating factors between health plans are the monthly premiums and deductibles. You should carefully analyze these to determine what fits your health insurance needs and will provide the best coverage. Below we have provided guidelines for the three tiers available in Colorado.

Start with Silver plans

A Silver plan is an affordable middle-ground policy that tends to have modest premiums along with a deductible and out-of-pocket maximum between Bronze and Gold tiers. We recommend starting your health-care search by evaluating Silver plans, as these are great for a variety of people unless you are extremely healthy, can absorb a very high deductible or know you will have a number of large medical expenses.

Silver plans are also the only health insurance plans eligible for cost-sharing reductions if you fall below 250% of the federal poverty level. These reductions can further decrease your copays, coinsurance and deductibles, and can sometimes provide more benefits than Gold plans.

The cheapest Silver plan in Colorado is the KP CO Silver 2500/25. Compare all tiers in Colorado above.

Gold plans: Great if you anticipate high medical costs

Gold is the highest tier offered in Colorado and sometimes has the most expensive monthly premiums. But the policies also have the lowest deductibles, which can make it easier to begin coinsurance. For this reason, Gold plans are the best option if you expect to have a number of medical costs that may be expensive. One such example is if you have diabetes and need monthly access to insulin, which can drive up medical costs very quickly.

The cheapest Gold plan in Colorado is the Friday Gold Rx Copay X. Compare all tiers in Colorado above.

Bronze plans: Best if you are healthy

The cheapest plans available for purchase are Bronze plans, and they might be best if you have a low income due to the affordable monthly premiums. These plans come with the highest deductibles and therefore are only recommended if you are in excellent health and can absorb a higher deductible. Bronze plans provide coinsurance once the high deductible has been met. This means that it would require a large medical bill to reach the deductible level and you could be left bearing much more of the cost.

The cheapest Bronze plan in Colorado is the Bronze 8550 Rx Copay. Compare all tiers in Colorado above.

Short-term health insurance in Colorado

Short-term health insurance is not available for purchase in Colorado directly from health insurance companies. The state changed its rules for short-term health insurance in 2019, after which insurers stopped offering short-term plans.

Short-term health insurance can be useful if you need a more affordable solution than traditional health insurance. But it is important to recognize that short-term health insurance policies usually do not cover the essential benefits that ACA policies always cover.

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Health insurance rate changes in Colorado

The average cost of health insurance in Colorado across all metal tiers is $377 per month, which is 6% less than it was in 2020.

The cost of health insurance changes by metal tier. In the last year, the average cost of insurance fell across each of the metal tiers in Colorado. The largest drop affected Gold plans, which are 8% cheaper this year than they were in 2020.

Metal tier
2020 premium
2021 premium

Rates are for a 40-year-old adult.

Health insurance companies in Colorado

There are currently eight health insurance companies that provide policies through the state exchange in Colorado:

  • Friday
  • Bright Health
  • Denver Health Medical Plan
  • Oscar
  • Anthem Blue Cross & Blue Shield
  • Rocky Mountain Health Plans
  • Kaiser Permanente
  • Cigna

Cheapest Silver plan by county

The cost of health insurance can change depending on where you live. Therefore, when going to purchase a health plan, it's important to first identify which policies are available and affordable in your county. For example, the cheapest Silver plan offered in Denver County is the Silver 5000 Rx Copay, while in Boulder County it is the Oscar Silver Saver 2. In the table below, we have listed the lowest-cost Silver plans offered in counties across the state.

Cheapest plan
Age 40
Couple, age 40
AdamsSilver 5000 Rx Copay$330$661
ArapahoeSilver 5000 Rx Copay$330$661
BacaFriday Silver X$384$768
BentFriday Silver X$384$768
BoulderOscar Silver Saver 2$348$696
BroomfieldSilver 5000 Rx Copay$330$661
CheyenneFriday Silver X$384$768
Clear CreekAnthem Silver Pathway Essentials X HMO 5500$343$686
CrowleyFriday Silver X$384$768
DenverSilver 5000 Rx Copay$330$661
DouglasKP CO Silver 2500/25$278$556
EagleAnthem Silver Mountain Enhanced X HMO 5500$410$819
Show All Rows

Sample rates are monthly premiums.


Health insurance rates and plans were pulled from the Connect for Health state health insurance exchange. Using the premiums, averages were determined for a variety of variables such as metal tier, age and county.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.