Updated July 2026 · ColoradoPlanFinder.com — Licensed Health Insurance Producer (NPN #21249133)

Health Insurance for Real Estate Contractors in Severance, Colorado

Severance real estate contractors can access subsidized health plans through Connect for Health Colorado, with premiums potentially reduced by Advance Premium Tax Credits (APTCs) for incomes up to 400% FPL.
In 2026, 6 carriers, including Kaiser Permanente and Cigna, offer marketplace plans in Severance's Rating Area 4, providing choices across HMO, EPO, and PPO plan types.
Individuals with household incomes below 138% FPL may qualify for Health First Colorado (Medicaid), offering comprehensive coverage at little to no cost.
Self-employed health insurance premiums are often tax-deductible for contractors not eligible for an employer-sponsored plan, reducing taxable income.

As a real estate contractor in Severance, Colorado, securing reliable health insurance is a critical aspect of managing your business and personal well-being. Unlike traditional employees, you're responsible for finding and funding your own coverage, which can seem daunting. The good news is that Colorado's state-based marketplace, Connect for Health Colorado, offers a range of options designed to make quality health insurance accessible and affordable, often with significant financial assistance based on your income.

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Understanding Your Health Insurance Options in Severance, CO

Real estate contractors in Severance primarily have two main avenues for health insurance: Connect for Health Colorado and Health First Colorado (Medicaid). Your eligibility and the cost of coverage will depend largely on your household income and family size. The marketplace offers various plan categories—Bronze, Silver, Gold, and Platinum—each balancing monthly premiums with out-of-pocket costs like deductibles and copayments. In 2026, 6 carriers offer marketplace plans in Rating Area 4, which includes Severance, providing a robust selection of HMO, EPO, and PPO options.

Connect for Health Colorado: Marketplace Plans and Subsidies

Connect for Health Colorado is the official health insurance marketplace for the state. Here, you can compare plans from multiple private insurance companies and apply for financial assistance.

Advance Premium Tax Credits (APTCs): These subsidies lower your monthly premium. Eligibility is based on household income relative to the Federal Poverty Level (FPL), typically for incomes between 100% and 400% FPL. Many real estate contractors find they qualify for these credits.
Cost-Sharing Reductions (CSRs): If your income is between 100% and 250% FPL, you might also qualify for CSRs. These subsidies reduce your out-of-pocket costs, such as deductibles, copayments, and coinsurance, making Silver plans particularly valuable.
Plan Categories:
- Bronze plans: Offer the lowest monthly premiums but have the highest deductibles and out-of-pocket costs. They are suitable for those who expect minimal medical care and want protection against catastrophic events.
- Silver plans: Provide moderate premiums and out-of-pocket costs. They are the only plans eligible for Cost-Sharing Reductions, making them an excellent value for those who qualify.
- Gold plans: Feature higher monthly premiums but lower deductibles and out-of-pocket costs, ideal for those who anticipate needing more medical care.
- Platinum plans: Have the highest premiums but the lowest out-of-pocket costs, covering a significant portion of your medical expenses.

Health First Colorado (Medicaid): Low-Cost Coverage

Colorado expanded Medicaid in 2014, meaning more adults can qualify for comprehensive, low-cost health coverage through Health First Colorado. If your household income is at or below 138% of the Federal Poverty Level, you may be eligible. This program provides extensive benefits with minimal to no premiums or out-of-pocket expenses, making it a vital safety net for many. For example, a single individual earning approximately $20,782 per year or less in 2026 would likely qualify.

How Your Income Affects Your Health Insurance Choices

Understanding where your income falls relative to the Federal Poverty Level (FPL) is crucial for determining your eligibility for financial assistance. As a contractor, your income can fluctuate, so it is important to estimate your annual income accurately when applying for coverage through Connect for Health Colorado.

Household Income (as % FPL)	Key Coverage Options for Severance Contractors	Cost Impact
Below 138% FPL	Health First Colorado (Medicaid)	Little to no monthly premium or out-of-pocket costs. Comprehensive coverage.
138% - 250% FPL	Connect for Health Colorado (Subsidized Silver plans)	Significant Advance Premium Tax Credits (APTCs) and Cost-Sharing Reductions (CSRs) reduce both premiums and out-of-pocket expenses.
251% - 400% FPL	Connect for Health Colorado (Subsidized Bronze, Silver, Gold plans)	Eligible for Advance Premium Tax Credits (APTCs) to lower monthly premiums.
Above 400% FPL	Connect for Health Colorado (Full-price plans)	Pay full premium cost, but can still choose from various plans and plan types (HMO, EPO, PPO). Premiums may be tax-deductible for self-employed individuals.

For Severance, Colorado, real estate contractors, the ability to deduct self-employed health insurance premiums can also be a significant benefit. If you are self-employed and not eligible to participate in an employer-sponsored health plan, you can typically deduct the premiums you pay for health insurance for yourself, your spouse, and your dependents. This deduction is an "above-the-line" deduction, meaning it reduces your adjusted gross income (AGI) and can effectively lower your overall tax liability.

Health Insurance Carriers in Severance

Severance, Colorado, is located in Weld County, which is part of Colorado Rating Area 4. In 2026, 6 carriers offer marketplace plans in Rating Area 4, providing a competitive environment for real estate contractors seeking coverage. These carriers offer a range of plan types, including HMO, EPO, and PPO plans, ensuring flexibility in network choices and cost structures. The confirmed carriers for Severance and Rating Area 4 include:

Cigna
Denver Health Medical Plan
HMO Colorado
Kaiser Permanente
Select Health
United Healthcare

It is important to compare not only premiums but also each carrier's network of doctors, specialists, and hospitals. For example, Weld County is served by acute care hospitals such as Banner North Colorado Medical Center and Uchealth Greeley Hospital, both located in Greeley. When selecting a plan, verify that your preferred providers are in-network with the chosen carrier.

Navigating Health Care in Severance and Weld County

Severance, with a population of 10,130 and a median income of $124,572 (per U.S. Census Bureau ACS 2024 5-year estimates), offers a growing community with access to comprehensive healthcare services through Weld County. Weld County's 2 acute care hospitals — Banner North Colorado Medical Center and Uchealth Greeley Hospital — serve a population of 350,396 with an uninsured rate of 8.0%. Being part of Colorado Rating Area 4 means that residents benefit from a consolidated pricing structure, offering a range of plan options. This concentrated local paragraph confirms that Severance contractors have robust healthcare infrastructure within their county, making in-network access a key consideration when choosing a plan.

Making the Right Decision for Your Coverage

Choosing the right health insurance plan as a real estate contractor requires careful consideration of your budget, health needs, and preferences for doctors and hospitals.

Steps to consider:

Estimate Your Income: Accurately estimate your projected income for the upcoming year to determine your eligibility for subsidies. If your income fluctuates, use an average or a conservative estimate.
Compare Plan Categories: Evaluate Bronze, Silver, and Gold plans based on your expected medical use. If you qualify for Cost-Sharing Reductions, a Silver plan will likely offer the best value.
Check Networks: Verify that your preferred doctors, specialists, and hospitals (like Banner North Colorado Medical Center) are included in the plan's network before enrolling.
Consider Plan Types: Decide between an HMO, EPO, or PPO. HMOs often have lower premiums but require referrals, while PPOs offer more flexibility at a higher cost.
Seek Expert Advice: A licensed health insurance producer can provide personalized guidance, help you navigate Connect for Health Colorado, and ensure you maximize any available subsidies.

Frequently Asked Questions

Can real estate contractors get subsidies for health insurance in Colorado?

Yes, real estate contractors in Severance, Colorado, can qualify for Advance Premium Tax Credits (APTCs) through Connect for Health Colorado if their household income falls between 100% and 400% of the Federal Poverty Level (FPL). These subsidies can significantly reduce monthly premium costs.

What types of health plans are available to contractors in Severance, CO?

In Severance, contractors can choose from HMO, EPO, and PPO plans on Connect for Health Colorado. PPO plans, offered by carriers like Denver Health Medical Plan and HMO Colorado, provide more flexibility in choosing providers without referrals, while HMOs typically have lower premiums.

What is the income limit for Health First Colorado (Medicaid) for Severance contractors?

Adults in Colorado, including contractors, may qualify for Health First Colorado (Medicaid) if their household income is at or below 138% of the Federal Poverty Level. For a single individual, this threshold is approximately $20,782 per year in 2026.

How does being a real estate contractor affect health insurance costs?

As a real estate contractor, you are typically responsible for 100% of your health insurance premiums. However, you can deduct these premiums from your taxable income if you are self-employed and not eligible for an employer-sponsored plan, potentially reducing your overall tax burden.