The curve $y=\frac{1}{1+x^2}$ has an obvious connection to circles, because it's the derivative of the arctangent function.
Besides, if we inscribe a circle under it, its radius is exactly $R=\frac{1}{2}$, so it takes exactly one fourth of the full area under the curve.
Actually, I don't know an easy way to find $R$ even in this simple case. So, let's consider how I solve the more general problem.
Find the largest circle fitting between the curve $y=y (x)$ and the line $y=0$
$$y(x)=\frac{1}{(1+x^2)^n}~~~~~~ n=1,2,3,\dots$$
The distance from the circle origin $(0,R)$ to the curve is the minimum of a function:
$$s(x)=\sqrt{x^2+\left(R-\frac{1}{(1+x^2)^n} \right)^2}$$
$$s(x)'=0$$
The condition for the inscribed circle is $s(x)=R$.
Let's denote:
$$t=1+x^2$$
Then from the above we obtain the system of equations:
$$t^{2n+1}+2n~R~t^n-2n=0$$
$$t^{2n+1}-t^{2n}-2~R~t^n+1=0$$
This is how I got the solution for $n=1$ (using Mathematica). Other solutions do not have obvious closed forms. Here are the numerical roots I've got with Mathematica:
$$R_2=0.4735710971151933$$
$$R_3=0.4401444298014721$$
$$R_4=0.41216506385826285$$
And so on.
The questions I ask:
Can there be closed forms for $R$ for $n \neq 1$? How to find them?
Is there an easier way to find $R$? At least for some $n$?
Edit
The most simple equation for $t$, as far as I can see, is:
$$(n+1)~t^{2n+1}-n~t^{2n}-n=0$$
I think I might ask a separate question about this equation. It's easy to solve by Newton-Raphson, but can it have closed form solutions for any $n$?


It is possible to find tangent points and the circle of contact for given $n$ using the conventional and classical Lagrangian multiplier method. The circle can be the object, and given curve the constraint function or vice-versa. A sort of non-linear programming in Operations Research.
Obtained the same contact radii values for each $n$ as the OP.
$R = \lambda $ parameter circles with x-axis tangent at origin are
$$ F = x^2 + (y-\lambda)^2 = x^2 +y^2 -2 y \lambda = 0 \tag{1} $$
$$ y = 1/(1+x^2)^n ;\, \rightarrow G = y (1+x^2)^n - 1 =0 \tag{2} $$
We have a constant Lagrange multiplier $$ \frac{F_x}{F_y}= \frac{G_x}{G_y} = C, \; \tag{3} $$
which after algebraic simplification yields the required link relation:
$$ 2 n y (y-x) = ( 1 + x^2) \; \tag{4} $$
Solving together (1), (2) and (4) we get $ x,y, \lambda = R $ that allow the curves and maximum radius contacts to be sketched as follows for $n = 1,3,6,20.$
The radius cannot be fully expressed in closed form , but only as an algebraic number in a field given from Mathematica for $ n\ne 1 $ example:
EDIT 1 (deleted)