The Cheapest (and Best) Health Insurance in Denver, CO (2024)

Several factors influence the cost of health insurance, including your city, age, plan type and the number of people on your policy. MoneyGeek gathered and analyzed marketplace data to identify Denver’s most affordable health insurance options.

Because cost is just one of many concerns, MoneyGeek also selected the best health insurance companies in Denver based on customer service, plan options and affordability. However, not all health providers offer the same plan types, so we recommend shopping around to find the best deal for your needs.

Before purchasing a policy, it's recommended to evaluate each health insurance provider's plan options, customer service, cost and cost-sharing choices. Based on these factors, MoneyGeek determined that Friday Health Plans is Denver's top-performing health insurance company among the companies analyzed.

Learn more about MoneyGeek’s top pick for health insurance companies below.

The runner-up for best health insurance company in Denver is Denver Health Medical Plan, earning a MoneyGeek score of 60 out of 100. Learn more about this insurer’s offerings below.

Health insurance premiums in Denver depend on how you share health care costs with the insurance provider. Rates typically vary across state, city and county levels. The best health insurance provider isn't always the most affordable — you may pay more for better customer service and plan flexibility.

If affordability is your number one priority, it’s best to understand how marketplace metal tiers, premiums and maximum out-of-pocket costs (MOOP) are linked. Generally, the lower your premium, the higher your MOOP. Also look out for the deductible, copay and co-insurance of your desired health insurance provider in Denver, which are not included in your premium.

For metal tiers, Bronze and Catastrophic plans offer the cheapest premiums. But even if you’re covered for disastrous events, you may not be sufficiently covered for your everyday health care needs.

If you need a middle ground between Bronze and Silver tiers, some health insurance companies offer Expanded Bronze plans. Expanded Bronze plans provide a bit more protection by covering a minimum of one major service before you need to pay a deductible.

Age is one of the main factors that affect your health insurance costs. Because older individuals tend to have more health care needs, health insurance providers anticipate this by charging higher premiums.

The table below shows the cheapest health insurance companies in Denver for different ages with their lowest bronze plan premiums. You can also see how health insurance premiums increase as the sample individual ages.

The most affordable plans are usually Bronze or Expanded Bronze. If you go with a lower-tiered plan, ensure you're comfortable with the provider's network.

Your health insurance premiums will become more expensive when you add more family members to your policy. However, doing so is still cheaper than insuring your loved ones in separate policies.

If you’re looking for health insurance plans for your family, MoneyGeek illustrates the average cost of Denver health insurance premiums by family size and metal level in the chart below.

There isn’t one health insurance plan that’s right for everybody. Instead, find a health insurance company in Denver with options that meet your health care needs and stay within your budget.

For instance, a high-deductible plan with a low premium may work for you if you don’t anticipate needing medical services in a given year. On the other hand, if you know you’ll need more intensive care, it might be worth paying a higher premium since you’ll pay less out of pocket.

If you fall within a designated low-income bracket, you may be eligible to receive financial assistance for the cost of your health insurance. In 2022, individuals whose income is 100% of the federal poverty level (FPL) can get subsidies to cover a portion of their health insurance premiums.

If you don't qualify for a health insurance subsidy, Medicaid and the Children's Health Insurance Program (CHIP) are other options. To qualify for Medicaid, your income must be between 100% and 150% of the FPL, depending on your state.

The cheapest health insurance policy doesn’t always offer the best quality. Plus, getting a plan with the lowest premium could become more expensive in the long run, especially if you frequently need health care services.

Shopping for health insurance in Denver can be overwhelming. To help you throughout this process, MoneyGeek answered some frequently asked questions about health insurance in Denver.