small business health insurance plans colorado

RMHP offers one of the largest provider networks in Colorado, with more than 20,000 doctors, specialists, and hospitals. When traveling outside of Colorado, some plans offer access to a nationwide network of providers and hospitals. Use our convenient online Provider Directory to find in-network doctors, hospitals, pharmacies, and other specialists in your area.

Find a provider

View additional provider directories

Our secure Member portal, MyRMHP, gives you the ability to access personalized benefit information, view claims and authorization status, opt in to receive electronic communications, print ID cards, find valuable health resources, and so much more.

Doctor On Demand ®

With Doctor On Demand, Members can connect face-to-face with Board Certified doctors and therapists from a phone, tablet, or computer - at no cost on select plans. Get care when and where you need it with 24/7 video chat access.

Visit Doctor On Demand (Please note, by selecting this link, you will be leaving rmhp.org)

You have more insurance options for your health than you think, Colorado

If you’re self-employed or without insurance from your employer — in other words, you’re looking for individual or family health insurance in Colorado, we want to make you aware of the whole range of individual and family insurance products we have available in your state.

UnitedHealthcare Individual & Family ACA Marketplace plans in Colorado

Looking for health care plans on the Affordable Care Act (ACA) Marketplace? UnitedHealthcare Individual & Family ACA Marketplace plans offer affordable, reliable coverage options from UnitedHealthcare of Colorado, Inc.

As part of the American Rescue Plan Act of 2021 and Inflation Reduction Act of 2022 , many individuals and families are now eligible for lower — or in some cases $0 1, 2, 3 — monthly premiums for ACA Marketplace health coverage.

Call 1-800-273-8095 / TTY 711 to talk to a licensed insurance agent.

Already a member with a UnitedHealthcare Individual & Family ACA Marketplace plan? Sign in or call 1-877-265-9199 / TTY 711

If you live in a county outside of the Rocky Mountain Health Plans area on the map, you can call 1-844-joinUHC to learn more about your options.

Supplemental, dental and vision insurance in Colorado

Hospital & doctor insurance.

Health ProtectorGuard fixed indemnity insurance , 4 underwritten by Golden Rule Insurance Company, can supplement your major medical plan by paying cash for eligible, covered medical services, like a doctor visit, a trip to urgent care or a surgical procedure.

No deductibles or copays to pay first
Benefits paid regardless of other insurance
Money to pay costs not covered by major medical plans, like a deductible

Colorado dental plans

Dental insurance plans, underwritten by Golden Rule Insurance Company, have no age limit restrictions. 5 They offer coverage for the dental services many medical insurance plans don’t include.

Colorado vision plans

Vision insurance plans, underwritten by Golden Rule Insurance Company, have no age limit restrictions. 5 They offer coverage for the vision services many medical insurance plans don’t include.

Accident & critical illness insurance

Accidental injuries and critical illness happen when you least expect them. Those unexpected expenses can strain any budget. Accident insurance 4 and critical illness insurance 4 can help by paying cash benefits for covered injuries or illnesses.

Browse coverage options in Colorado

From Denver to Colorado Springs, Aurora to Fort Collins, explore these Colorado health insurance options and more that may be available now.

Looking for other health plans?

Small business plans
Self-employed health insurance plans
College student health insurance

Need help finding a plan?

Answer a few questions to see which insurance options may be available for you.

Medicare plans

Health insurance for individuals who are 65 or older , or those under 65 who may qualify because of a disability or another special situation.

Call 1-844-232-1426 to learn more.

Medicaid plans

We offer low cost or no cost health insurance plans for those with limited incomes.

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Health First Colorado (Colorado's Medicaid program)

More coloradans now qualify for health first colorado coverage..

Health Reform

Coloradans have more options in health care thanks to the federal affordable care act..

Insurance Marketplace

Colorado's marketplace makes private health insurance more affordable..

Health First Colorado (Colorado's Medicaid Program)

I am an employer. What do I need to know?

The Affordable Care Act contains benefits and responsibilities for employers. The size and structure of your workforce – small, large, or part of a group – helps determine what applies to you. However, if you have no employees, the following information does not apply to you.

Small employers — generally those with fewer than 50 full-time employees — may be eligible for credits and other benefits. If you run a small business, you have the option of buying health insurance for your employees through the Connect for Health Colorado Marketplace . Just like individual insurance, the group plans offered there may qualify for federal subsidies to reduce their cost. You can also take advantage of the many Assistance Sites throughout Colorado. Find out more .

A large employer has 50 or more full-time employees or equivalents. Find out more .

Finally, you may want to consult the health care resources offered by the Small Business Administration . There you can learn about how the Affordable Care Act affects businesses of all sizes.

How do I know if I am a small or large employer? Why does it matter?

An employer’s size is determined by the number of its employees. Employer benefits, opportunities and requirements are dependent upon the employer’s size and the applicable rules. Generally, an employer with 50 or more full-time employees or equivalents will be considered a large employer.

Employers with:

For more information and guidance from the IRS visit IRS.gov/ACA .

Colorado Small Business Health Insurance Plans 2023

Or call for your free quote:

Get the best CO small business health insurance plans quotes & info on cost, coverage, deductibles, network, the Affordable Care Act (Obamacare) & more.

CO Small Business Health Insurance Plans

Colorado Small Business Health Insurance Plans 2023 . The following is an overview of the rules that govern small group health insurance plans in the State of Colorado.

The information that is discussed below includes the laws that have been mandated by the Affordable Care Act (ACA or "Obamacare"), as well as the laws that are required by Colorado State government.

If you own and operate a CO small business and you already offer small group health insurance or you're thinking about offering small group health insurance - this guide can help you better understand the regulations, requirements and available Colorado small business health insurance plans available.

Learn how to get Colorado small business health insurance plans for 1 to 50 employees. The best small business health insurance providers in CO offer affordable rates, flexible coverage options and access to a large network of medical providers.

Below are some answers to commonly asked CO small business health insurance plan questions:

How Much Does Colorado Small Business Health Insurance Cost?

What are the small business health insurance regulations in colorado, does colorado participate in the affordable care act, what are the affordable care act requirements for colorado small businesses.

How Are CO Health Insurance Premiums Are Determined?

What Types Of Health Insurance Plans Are Available For Colorado Small Businesses?

The average price of a standard Colorado small business health insurance policy ranges from around $583 to over $1706 per employee per month based on; single or family, location, coverages offered, deductibles and more.

While there is no state law that requires employers to offer group health insurance to their employers in the State of Colorado, the majority of employers do offer their employees this benefit. All health insurance companies are required to follow the guidelines that have been established by the Federal government under the Affordable Care Act, as well as the state of Colorado.

Health insurance companies that are based in Colorado are required to sell small group health insurance policies to all small business owners. Furthermore, there are two small business health plans that have been standardized by the state that Colorado health insurance companies must offer.

Moreover, small businesses that employ more than 2 but have fewer than 50 workers must be offered the same small group health insurance policies that are sold to other small business owners.

If you qualify, your business must meet the minimum participation requirements that have been set forth by your Colorado health insurance company. If you don't meet the minimum level of participation that your health insurance company requires, your policy could be terminated.

In Colorado, health insurance companies can charge higher premiums for Colorado small business health insurance plans due to the age, family size, and geographic location of the group; however, higher premiums cannot be charged as a result of the health status of the group.

Lastly, like individual health insurance plans, illness cannot be used as a ground for terminating small business health insurance policies.

According to Colorado Division of Insurance , in 2014, due to the Affordable Care Act (ACA), health insurance plans were required to offer more comprehensive coverage in compliance with new federal requirements.

These minimum set of benefits and services, called Essential Health Benefits or EHBs, must be included in health plans. Plans can include more benefits than those listed and costs for the services can vary from plan to plan.

In 2010, the Affordable Care Act (ACA or "ObamaCare") was passed by the United States Congress and was signed into law by Obama. Following its passage, provisions of the law have continued to be phased in, and as of January 1, 2014, the majority of American citizens and legal residents of the United States are required, by law, to have qualifying health care coverage.

If they fail to have coverage, they are responsible for paying an annual tax penalty for each month they aren't insured, which is known as the "individual mandate".

The cost of the penalty for failure to have qualifying coverage is $95 per adult and $47.50 per child, or 1% of your total taxable income; whichever amount is higher - as much as $285 per family. In 2017, the penalty increased, and has continued to increase thereafter.

Qualifying Exemptions For The Individual Mandate

Individuals who meet one of the following are exempt from the individual mandate and the associated tax penalties in CO:

Colorado Small Business Health Insurance Plans Claim Form

If you're a small business owner in Colorado, you must provide your employees with insurance. This is a requirement that was put into place by the Affordable Care Act.

Referred to as the Employer Shared Responsibility provision, all employers must offer their employees at least one of the ACA-compliant Colorado small business health insurance plans, otherwise then can face fines of up to $2,000 per employee.

Colorado small business owners can purchase coverage for their employees through the state's Small Health Option Program (SHOP) exchange, or from a private insurance agent or broker.

Affordable Care Act Standardized Essential Health Benefits

As per the ACA, all qualifying health insurance plans must offer 10 standardized essential benefits.

Depending on the state, additional benefits may also be required. The 10 ACA standardized essential benefits are as follows:

Additional Health Benefits Mandated In Colorado

In addition to the 10 essential standardized benefits, Colorado law requires health insurance policies to offer the following benefits. These additional benefits include:

Standardized Colorado Small Business Health Insurance Plans

In order to make it easier to compare costs and benefits, the Affordable Care Act has designated all qualifying Colorado small business health insurance plans to be one of four metal colors, including Bronze, Silver, Gold, and Platinum.

Each of these designations is based on the average amount of health care costs that the plan will cover, which is illustrates at percentages of how much the insurance company will cover for health care, as well as the amount the insured will have to pay out-of-pocket.

All insurance companies that are participating in the federal or state health care exchange program must offer at least the Silver and Gold Colorado small business health insurance plans.

All four of the metal plans have a shared maximum out-of-pocked amount that the insured can be charged during any calendar year. The following table illustrates this information:

Guaranteed Issue

As per the ACA, individuals cannot be denied coverage or charged higher premiums because of their past health history, or their gender.

Additionally, look-back and waiting periods cannot be imposed. Additionally, policies are effective when they are issued and all coverage is renewable if the individual chooses to renew the policy.

However, plans can be canceled if the individual fails to pay their premiums or commits fraud.

How Are CO Health Insurance Premiums Determined?

A premium is the amount the insured must pay out-of-pocket in order to maintain their health insurance policy. The premiums that are charged for any of the qualifying metal plans can be based on the following:

While there are several types of health insurance plans to choose from, the following plans are the most popular among CO small business owners:

Health Maintenance Organization - Simply known as an "HMO", this type of plan offers a variety of health-related services via a network of health care providers and hospitals that exclusively contract with the HMO, or who agree to offer their services to members of the HMO. Employees who participate in this type of plan usually have to choose a primary care physician (PCP), and receive most of their care from this physician. If a specialist is needed, the PCP will recommend one that is affiliated with the HMO.

Preferred Provider Organization - More commonly referred to simply as "PPO", this type of health insurance plan is the most common among Colorado small business owners. The insurance company provides a preferred list of health care providers, and employees must receive their medical care from the doctors and hospitals on that list for their claims to be paid at the highest level possible - but they also have the flexibility to see any other provider anywhere in or out of state.

Point-of-Service Plan - Known as a (POS), this type of health insurance plan provides access to health care services at a lower overall cost, but with fewer choices. Members can access care from in-network or out-of-network providers and facilities, but coverage is better when you stay in-network. POS plans may vary, but generally, plans are considered a blend of HMO and PPO plans - offering more flexibility than HMOs, but less than PPOs.

Health Savings Account - A health savings account (HSA) is a special type of bank account that allows participants in the insurance plan to save money that can be used specifically for the medical care they require in the future. HSA-qualified health insurance plans are usually PPO plans that are specifically designed to be used with an HSA.

Indemnity Health Insurance - This type of health insurance plan allows members to control their own health care and to visit any doctor or hospital they choose. The insurance company would then pay a pre-determined percentage of the total charges for the services that were rendered. Employees may have to pay for some types of services up-front and then they can submit a request for reimbursement with the insurance company.

Colorado Small Business Health Insurance Plans - The Bottom Line

We strongly advise business owners to speak with a CPA and a CO health insurance broker before jumping in and getting any type of the Colorado small business health insurance plans available.

Make sure that you know exactly what each option can do for your company and the potential drawbacks associated with it.

Request a free Colorado small business health insurance plans quote in these other CO cities: Akron, Alamosa, Arvada, Aspen, Ault, Aurora, Avon, Basalt, Bayfield, Bennett, Berthoud, Boulder, Breckenridge, Brighton, Broomfield, Brush, Buena Vista, Burlington, Carbondale, Castle Pines North, Castle Rock, Cañon City, Cedaredge, Centennial, Center, Cherry Hills Village, Colorado Springs , Columbine Valley, Commerce City, Cortez, Craig, Crested Butte, Cripple Creek, Dacono, Del Norte, Delta, Denver , Durango, Eagle, Eaton, Edgewater, Elizabeth, Englewood, Erie, Estes Park, Evans, Federal Heights, Firestone, Florence, Fort Collins, Fort Lupton, Fort Morgan, Fountain, Fowler, Fraser, Frederick, Frisco, Fruita, Georgetown, Gilcrest, Glendale, Glenwood Springs, Golden, Granby, Grand Junction, Greeley, Greenwood Village, Gunnison, Gypsum, Hayden, Holyoke, Hudson, Idaho Springs, Johnstown, Julesburg, Keenesburg, Kersey, Kremmling, La Junta, La Salle, Lafayette, Lakewood, Lamar, Las Animas, Leadville, Limon, Littleton, Lochbuie, Lone Tree, Longmont, Louisville, Loveland, Lyons, Mancos, Manitou Springs, Mead, Meeker, Milliken, Minturn, Monte Vista, Montrose, Monument, Mountain Village, Nederland, New Castle, Northglenn, Olathe, Orchard City, Ordway, Ouray, Pagosa Springs, Palisade, Palmer Lake, Paonia, Parachute, Parker, Platteville, Pueblo, Rangely, Rifle, Rocky Ford, Salida, Severance, Sheridan, Silt, Silverthorne, Snowmass Village, Springfield, Steamboat Springs, Sterling, Superior, Telluride, Thornton, Trinidad, Vail, Walsenburg, Wellington, Westminster, Wheat Ridge, Windsor, Woodland Park, Wray, Yuma and all other CO cities & Colorado counties near me in The Centennial State.

Learn about Colorado small business insurance requirements for general liability, business property, commercial auto & workers compensation including CO business insurance costs. Call us (720) 500-2051 .

Small Business Health Insurance Plans By State

You can find more state specific small business health insurance information including requirments and coverage by clicking on the state below:

Free Business Insurance Quote Click Here

Information

Licensed States

AL , AR , AZ , CA , CO , CT , DC , DE , FL , GA , ID , IA , IL , IN , KS , KY , LA , MA , MD , ME , MI , MN , MO , MS , MT , NC , ND , NE , NV , NH , NJ , NM , NY , OH , OK , OR , PA , RI , SC , SD , TN , TX , UT , VA , VT , WA , WI , WV & WY

Partner States

(970) 578-0212

Your One-Stop Shop for Colorado Small Business Group Health Insurance

Small Business Plans Start as low as $125.00/mo.

You work hard, let us do the heavy lifting for you!

Ongoing Support

If you need help related to your health insurance or employee benefits, we are always available to help via email, phone or text.

Lowest Price Guaranteed

Health insurance prices are standardized by law. No insurance company, agency or broker will have lower prices than we do.

No Agenda Service

The right solution matters. We will help you quickly identify the right health insurance plan for your business and your budget.

"Whether you are looking for the lowest price or a robust benefits package to attract and retain the best employees, we have the right solution for you."

Need expert guidance on group health insurance and other benefits?

Talk to a Local Agent

Affordable Colorado group health insurance options.

Managing employee benefits can be tough for business owners, especially health insurance. But don't worry, our team can help you choose the perfect plan based on your budget and employee needs. We believe every business deserves affordable, high-quality health insurance.

Let us assist you so you can focus on running your business.

Self Funded Plans

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Self funded plans are a game-changer for small employers. If your employees are generally healthy, you can enjoy lower monthly premium rates compared to traditional major carrier plans. Moreover, if employee claims are minimal at the end of the year, you could be eligible for a partial refund on premiums paid. To enroll in this plan, your employees will be asked to fill out a secure and confidential health questionnaire. Pricing will depend on your group's overall health.

With self funded a.k.a. level funded plans, you can take advantage of the "reference-based pricing," option, which allows insured individuals to visit any doctor or healthcare facility without any network restrictions, thereby reducing premium costs even further. If you're interested in learning more about this plan and maximizing its cost-saving benefits, Benefits 4Business offers complimentary consultations to help you get started.

Are high premiums for group health plans taking a toll on your small business? You may want to look into an Individual Coverage H.R.A. instead. With an I.C.H.R.A., you can reimburse your employees for their individual health insurance plans without having the burden of paying 50% of the premium, which is required in group plans.

There's no minimum employee participation requirement, which makes implementing the plan easier for small businesses. You also have the flexibility to reimburse different amounts to different employee groups. The reimbursement is not taxable for either party and is not subject to employee tax. This means that both you and your employees can save money on

healthcare costs. Additionally, with dozens of individual plan options available,

your employees can choose a plan that suits them best.

While modest software service fees and the lack of PPO network access could be concerns for some employers, the affordability of an I.C.H.R.A. is a major advantage. The unparalleled flexibility offered by this option may be the perfect way to meet your businesses needs.

If you're interested in knowing more about the benefits of an Individual Coverage H.R.A., we'd be happy to discuss them with you and answer any questions you may have.

Small Business Tax Credit

Colorado offers a tax credit program that can significantly reduce your group health insurance expenses. This program can potentially cover up to half of your health insurance costs

(35% for non-profits), which translates to significant savings for your business.

To qualify for this program, your business must have 25 or fewer full-time equivalent employees, with an average annual wage of less than $56K. Additionally, you must be paying at least 50% of the group plan premium. The amount of tax credit you'll receive depends on the number of employees you have and their earnings. In other words, if your employees earn less,

you'll receive more tax credits.

It's important to note that this tax credit is exclusively available for small group health plans provided by Kaiser Permanente in Colorado. Our team is here to help you determine your eligibility for this program. So don't miss out on this opportunity to save money on your group health insurance costs for two years. Contact us today, and let's get started!

M.E.C. plans are ACA-compliant health insurance plans. These inexpensive plans offer preventative services that provide a zero-dollar co-pay and are covered 100%. For many medical visits, these plans have low co-pays. They include primary care, specialists,

urgent care, and emergency room.

These plans utilize the First Health Network, owned by Aetna | Coventry, and is a national network with some of the deepest discounts in the medical field. Contact us today to find out more about plan specifics and pricing. They offer unlimited telehealth and an RX discount program. It's important to note that thee plans do not include catastrophic coverage. This plan is typically a good solution for a company with a young staff of part-time employees.

Minimum Essential Coverage

Major Carrier Plans

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Group health plans from the major carriers in Colorado generally offer the best combination of benefits and provider networks. PPO and EPO networks are available. On the Silver metal tier plans and above, the plans have excellent benefits across the board, including RX, Acupuncture, Chiropractic, Co-pay, Labs and others.

If attracting and retaining the top talent in your industry is your primary focus then a major carrier plan on the Silver tier or above will give you the competitive advantage you need. Dental and vision benefits are also available and we would love to help you put your small business over the top with a quality employee benefits package.

No Pressure, Professional Service

Our experts have you covered with the best software for managing your small businesses health insurance with powerful H.R. solutions.

to robust, powerfully integrated solutions for more complex businesses.

From easy to use, money saving solutions for small businesses...

Enjoy streamlined onboarding and fully integrated features including PEO, payroll, PTO, time tracking, compliance, apps and more.

Benefits administration software is an optional compliment to a group health insurance plan that is an affordable way to help your small businesses save time and money when it comes to annual plan enrollment and tracking benefits.

We provide transparent information, so you know what to expect. Here are 7 important things to know.

Do small businesses in Colorado have to provide health insurance?

Small businesses with fewer than 50 full time employees are not legally required to provide health insurance benefits.

How many employees does a small business need to qualify for group health insurance in Colorado?

At a minimum you need two employees. This includes the owner and one other employee that meets the minimum hours worked per week requirement of the health insurance carrier, which is usually between 24 to 30 hours per week.

Do I get access to an online portal to manage my small business's health insurance plan?

All of the carriers we represent offer their own online portal and many also offer an app for employees to access their insurance card and track medial expense information, including things like deductible paid ytd, co-pays, benefits, etc. For companies that need a robust benefits management system to streamline enrollment and compliance tracking we offer solutions like Rippling, which is also a premier Human Resources Management software.

Do I have to offer C.O.B.R.A. to my former employees?

Colorado has what is known as a "mini C.O.B.R.A. law." Small businesses of any size must send written notice to the employee of their right to continue coverage within 10 days of termination. The notice must include the monthly payment amount, payment instructions, and the consequences of non-payment. Termination due to gross misconduct forfeits inclusion for businesses with fewer than 20 employees. Coverage continues for 18 months or until the former employee becomes eligible for coverage through a new employer. For employers with more than 20 employees Federal C.O.B.R.A. laws apply. We offer full support.

How long does it take to set up a group health insurance plan?

The entire process generally takes two weeks. Here is a quick breakdown of the process: Your company will have to fill out an employer app for any group plan. This app collects basic information on your small business. Your employees will also each have to fill out an employee app or waiver, if they are declining insurance through your business. The initial premium payment is paid via EFT and will bind the policy, At this time you will be sent information via email and regular mail providing your employees plan information and insurance cards.

What IRS forms do I need to file?

There are some tax forms your business will need when filing with the IRS. If you have a CPA that prepares your businesses taxes, they will know what to file. If you are doing your businesses income taxes on your own, make sure you familiarize yourself with the information on the I.R.S. employers webpage.

How long does it take to get plan and pricing information?

We can turnaround accurate quotations in 24 hours or less, often within a few hours. We will need to collect basic information on your employees and business in order to get your quotations started. Self-funded plans take longer because they require employees to complete a confidential health questionnaire and are quoted through underwriting.

If you would more detailed information, please visit our comprehensive FAQ's page.

"At Benefits 4Business we're not just an insurance agency. We're in the business of forging strong, lasting relationships."

Colorado Small Business Health Insurance Information

The purpose of this guide is to provide a general overview of colorado small business health insurance. the guide reviews small business health insurance options for colorado small businesses..

Building a successful business is hard work. Finding affordable small business health insurance doesn’t have to be. All small businesses face special challenges when it comes to finding and getting health insurance coverage. Luckily, recent health care reform legislation provides small businesses with special opportunities to secure affordable health insurance.

Colorado Core Small Business Health Insurance Options

When evaluating your small business health insurance options in Colorado, you should immediately compare the costs and benefits of the following three options:

Offering Traditional Small Business Health Insurance Coverage,

Offering a Defined Contribution Health Plan that Reimburses Employees for Individual Health Insurance Coverage, and

Offering Nothing

Colorado Small Business Health Insurance Overview

There are two primary categories of health insurance for small businesses to choose from:

Individual health insurance,

Group health insurance.

1) Individual Health Insurance

Individual health insurance plans are health insurance plans purchased by individuals to cover themselves or their families. Anyone can apply for individual health insurance. Small business owners who can’t offer group coverage due minimum contribution (or minimum participation) requirements typically purchase individual and family plans for themselves and their families. In 2014, insurance companies will no longer be able to decline individuals for individual health insurance based on a pre-existing medical condition. Also, starting in 2014, there are new special tax incentives available to businesses and employees when employees purchase individual health insurance. In some cases, self-employed persons who purchase their own health insurance may be able to deduct the cost of their monthly premiums. When small businesses decide on the individual health insurance route, they often create a "Pure" Defined Contribution Health Plan to reimburse employees tax-free for individual premiums .

2) Group Health Insurance

Group health insurance plans are a form of employer-sponsored health coverage. Costs are typically shared between the employer and the employee, and coverage may also be extended to dependents. In certain states, self-employed persons without other employees may qualify for group health insurance plans.

Four Types of Colorado Small Business Health Insurance Plans

Whether you’re looking at individual health insurance or group health insurance, there are several different types of health plans available. The four you should absolutely know are:

PPO Health Insurance Plans,

HMO Health Insurance Plans,

HSA-Qualified Health Insurance Plans, and

Indemnity Health Insurance Plans.

The plan type that is best for you and your employees depends on what you and your employees want, and how much you are willing to spend. Here’s a brief review of the four popular types of health insurance plans:

1) PPO Health Insurance Plans

PPO or “Preferred Provider Organization” plans are the most common. Employees covered under a PPO plan need to get their medical care from doctors or hospitals on the insurance company’s list of preferred providers in order for claims to be paid at the highest level.

2) HMO Health Insurance Plans

HMO stands for “Health Maintenance Organization.” HMO plans offer a wide range of health care services through a network of providers that contract exclusively with the HMO, or who agree to provide services to members. Employees participating in HMO plans will typically need to select a primary care physician (“PCP”) to provide most of their health care and refer them on to HMO specialists as needed.

3) HSA-Qualified Health Insurance Plans

HSA-qualified plans are typically PPO plans designed specifically for use with Health Savings Accounts (HSAs). An HSA is a special bank account that allows participants to save money – pre-tax – to be used specifically for medical expenses in the future. Section 105 Healthcare Reimbursement Plans (HRPs) are often used in place of HSAs due to their advantages for employers.

4) Indemnity Health Insurance Plans

Indemnity plans allow members to direct their own health care and generally visit any doctor or hospital. The insurance company then pays a set portion of the total charges. Employees may be required to pay for some services up front and then apply to the insurance company for reimbursement.

Colorado Small Business Resources*

Colorado Health Insurance Coverage:

Group Plans: There is a maximum 6-month look-back/12-month exclusionary period for pre-existing conditions on enrollees that do not have prior coverage. Benefits will vary depending on the chosen plan. Pre-existing health conditions covered.

Individual Plans: Assorted plans depending on medical needs. There is a maximum look-back period of 60 months and a maximum exclusion period of 24 months for pre-existing conditions on enrollees that do not have prior coverage. Elimination riders are permitted . Limits on pre-existing health conditions may apply.

COBRA: Coverage available for 18-36 months depending on qualifying events. Benefits are what you had with your previous employer. Pre-existing health conditions covered.

HIPAA: Benefits are based on program selected. There is no expiration of coverage. Pre-existing health conditions covered.

HIPAA: Premium assistance that pays employer-sponsored health insurance or Cobra premium available. Pre existing health conditions covered.

Colorado Health Insurance Eligibility:

Group Plans: Guaranteed coverage for companies with 2-50 employees. Eligible employees must work at least 30 hours a week. Owner can count as an employee. Owner name on business license must draw wages from the company.

Individual Plans: Eligibility is subject to medical underwriting. If you are denied coverage for a medical condition, you may be eligible for AHIP, or PCIP.

COBRA: Guaranteed coverage available for employees who work for businesses with 20 or more employees. Employees have 60 days from date of termination to sign-up.

HIPAA: Must have had 18 months of continuous coverage and completely exhausted Cobra or state continuation coverage. Must not have lost coverage due to fraud or non-payment of premiums. You have 63 days to enroll.

HIPAA: Must qualify for Medicaid and have access to Employer-Sponsored Insurance or Cobra.

Colorado Health Insurance Monthly Cost:

Group Plans: Costs depend on employer contribution and the + 20% of the Insurance company’s Index rate.

Individual Plans: Costs for Individual coverage vary. There are no rate caps.

COBRA: Costs vary between 102% to 150% of group health rates.

HIPAA: Premiums will depend on plan chosen.

HIPAA: Reimburses the full employer-sponsored insurance premium amount by check monthly. Pays the insurance company directly for people on COBRA or eligible small businesses.

*Source: www.coverageforall.org

Colorado: Average “Single” Premium per Enrolled Employee for Employer-Based Health Insurance, 2011*

Colorado: Average “Family” Premium per Enrolled Employee for Employer-Based Health Insurance, 2011*

Colorado: Average “Employee-Plus-One” Premium per Enrolled Employee for Employer-Based Health Insurance, 2011*

Colorado: Average Per Person Monthly Premiums in the Individual Market, 2010*

*Source: statehealthfacts.org

Small Business Health Insurance Reform

Are you ready for health care reform ("ACA") in 2014?

Today, employers are more stressed than ever. Here’s why:

The business environment is uncertain,

Employer-sponsored health insurance costs increase annually, and

New fees and penalties take effect next year, and most employers don’t fully understand how this will affect their financials.

It is time for employers to examine the specifics of healthcare reform, and start thinking strategically vs. emotionally. Change is hard. However, employers that educate themselves and plan ahead can avoid severe financial impacts.

The more change and disruption your business can embrace, the more cost savings (for both the company and your employees) you will be able to realize over the long term. In order to embrace this change, you must be familiar with the key aspects of ACA. For many small businesses, the solution to healthcare reform is simple: Offer a “Business Expense Account” for Healthcare. A new vehicle, called a Healthcare Reimbursement Plan (HRP), allows employers to get out of the health insurance business, and simply give select employees monthly allowances to spend on their own health insurance policy in a state health insurance exchange.

Listed below are key ACA components to consider when choosing small business health insurance.

Individual Health Insurance Tax Subsidies

Beginning 2014, individuals will have access to tax subsidies to buy private health insurance through the public exchange. These subsidies will be for those who enroll in a silver plan through the exchange. The subsidy caps the cost of individual health insurance at 2% - 9.5% of their household income if their household income is less than 400% above the federal poverty line. This equates to roughly $90,000 per year for a family of four.

Click here for more information on the premium subsidies.

Individual Health Insurance Tax Penalties

The Individual Mandate requires most individuals to purchase health insurance, or else pay a penalty on their tax return each year. The intention of the individual penalty is to reduce the "Free Riding" effect in the health insurance market (a free rider is someone who is healthy and does not purchase health insurance until they need it.

Click here for more information on individual tax penalties.

Small Business Health Insurance Tax Credits

Small businesses with up to 25 full-time equivalent employees may qualify for a tax credit for offering employee health benefits. The credit is broken in to two phases. Phase 1 (2010-2013) includes a tax credit worth up to 35% of a small business’s health insurance costs. Phase 2 (2014 and beyond) includes a tax credit up to 50% of a small business’s health insurance costs.

Click here for more information the tax credits.

Small Business Health Insurance Tax Penalties

Starting January 1, 2015, Employers with 50 or more full-time equivalents who do not offer minimum essential coverage can face monthly penalties if at least one employee uses a premium tax credit to obtain health insurance through the state health exchange. If you do not have more than 50 employees, you are not subject to these penalties.

Click here for more information on the business tax penalty.

The Future of Small Business Health Insurance - Defined Contribution Plans

Defined Contribution Plans allow employers to offer health benefits without offering a traditional group health insurance plan. Instead of paying costs for a specific group health plan, employers allocate tax-deductible monthly allowances for their employees to spend on private health insurance and other medical expenses tax-free.

Features of defined contribution plans include the following:

Employee Choice – employees choose a health insurance plan that best fits their needs.

Fixed Cost – employers control health care costs by allocating fixed monthly allowances for their employees.

Savings – employers using Defined Contribution Plans typically cost less than group health plans which results in saving for both the employer and employee.

Next Steps – Evaluate Your 3 Core Options

Immediately compare the costs and benefits of the following three options:

Offering a Defined Contribution Health Plan that Reimburses Employees for Individual Health Insurance Coverage, and

Offering Nothing.

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Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. PeopleKeep, Inc. does not sell health insurance. Read our privacy policy to learn more. Visit our sitemap

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Self Employed & Small Business Health Insurance in Colorado

If your business has 2 or more employees and would like a group health insurance quote visit our group health insurance section . Small group health plans let the employer help subsidize the cost of the health insurance providing an important benefit to help your company attract and retain the best employees.

Colorado Health Insurance Brokers also specializes in working with the self employed and small businesses that do not have group health insurance benefits and are looking for individual plan coverage.

As an independent broker we’ll look at plans from the major insurance providers to find an individual plan that provides the benefits you’re looking for and at a price that’s within your budget. Get a free group of one health insurance quote .

With the advent of Health Savings Account (HSA’s), along with major medical and comprehensive plans there are a myriad of choices available, each with their own advantages in certain situations. We’ll help you find the right health insurance plan for your specific needs.

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Colorado Health Insurance Agent 400 McCaslin Blvd #109 Louisville, CO 80027

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GUIDE FOR BUYING A GROUP HEALTH INSURANCE DENVER

Small business health insurance in Colorado is usually offered by many different types of organizations- companies, banks, residential housing societies, business groups, and other different types of organizations. The companies usually bear the cost of the premium. Availability of a group health insurance in Colorado is essential because of the increasing lifestyle-related illnesses or problems that are becoming common with every passing year; offering a group health insurance in Boulder aims to increase employees' loyalty towards the company.

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Group health insurance denver:, what are the various different group health insurance denver plans offered.

Offering group health insurance Denver plans increases employee loyalty to the company. It would be best if you understood how this insurance plan works, and there are many resolutions to small business health insurance brokers Denver will help you with group health insurance. In addition, Colorado helps in saving on insurance costs by offering a packaged policy in bulk.

We are Ranked No. 1 Health Insurance brokers for small businesses:

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Baby Boomers are the generation starting to retire from the workforce now. They tend to view healthcare more traditionally. They want everything related to their healthcare to be in one place, whether for a doctor’s visit, lab work that needs completing, or any other medical services they need with health insurance brokers for small businesses.

When it comes to them choosing a health insurance plan, they rely heavily on word-of-mouth recommendations. If they hear that someone prefers one plan compared to another, they’ll be more likely to choose the plan better received by their friends and coworkers because they may potentially have more healthcare problems in the future. Group health insurance Denver will be there to help you through this tricky transition.

WE ARE NO.1 HEALTH INSURANCE SELLER IN DENVER

BOOMERS & UP
INDIVIDUALS & FAMILIES

Baby Boomers are the generation starting to retire from the workforce now. They tend to view healthcare more traditionally. They want everything related to their healthcare to be in one place, whether it’s for a doctor’s visit, lab work that needs completing, or any other medical services they need.

When it comes to them choosing a health insurance plan, they rely heavily on word-of-mouth recommendations. If they hear that someone prefers one plan compared to another, they’ll be more likely to choose the plan better received by their friends and coworkers. Because they may potentially have more healthcare problems in the future. Group health insurance broker will be there to help you through this tricky transition.

In Colorado, health insurance brokers advise every small business owner that they need health insurance to make sure you’re protected against all the different types of risks your business faces. There are many good reasons for small businesses In Colorado to sponsor small group health insurance plans.

Group Health insurance brokers give information about Individual Health Insurance plan as a type of health insurance that covers the health expenses of an insured individual. These policies pay for surgical and hospitalization expenses of an insured individual till the cover limit is reached. If a person wants to buy health insurance for his entire family in a single plan, then he should go for a Family Floater Policy. Any family member covered under the policy can claim in case of hospitalization and surgical expenses. The premium for the family floater policy is determined based on the age of the eldest member under the coverage of the policy.

People of all ages are starting businesses and hopefully struggling with the demands of early success. Talented people may be scarce and you may need to offer benefit packages to attract the best employees. From comprehensive medical plans for you and your employees to affordable benefit packages that can lower financial risks for all employees.

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Small Business Health Insurance in Colorado
Our small business health insurance plans give your team access to the right doctors, benefits, tools, and support to simplify their health journey and help keep your business running. Plans are for businesses with 2 to 50 employees (2 to 100 in CA, CO, and NY, and 1 to 50 in ME).
Colorado Small Business Health Plans
Find the right Colorado small business health plan for your business. We can tailor a solution that meets the needs of your business and your employees. ... *NCQA's Private Health Insurance Plan Ratings 2019-2020, National Committee for Quality Assurance, 2019: Kaiser Foundation Health Plan of Colorado — HMO (rated 4.5 out of 5). NCQA's ...
2023 Colorado Small Business Health Insurance Guide
The Rules: 2023 Colorado Business Insurance Requirements. The Affordable Care Act (ACA) defines and enforces a number of rules about small business health insurance. The biggest requirement is that businesses with 50 or more employers provide an affordable group health insurance plan to their employees. This plan must provide the 10 essential ...
Options for Small Business Owners and Employees
Group health insurance for small business owners. If you are interested in a more traditional small-group insurance plan option, Connect for Health Colorado has partnered with Kaiser Permanente and Delta Dental to offer this form of medical and dental coverage. Some companies will qualify for tax credits.
Small Business Insurance
The Affordable Care Act may help small businesses and small tax-exempt organizations afford the cost of covering their employees. Businesses with fewer than 25 employees, that provide health insurance, may qualify for a small business tax credit of up to 35 percent (up to 25 percent for non-profits) to offset the cost of health insurance.
Small Group Health Insurance Plans for Colorado
Small Business Health Insurance Plans for Colorado Employers. Your company's employees are the backbone of your small business, so choosing effective, sustainable health coverage for your business is our priority. Your RMHP 2021 small business health plan continues to provide the quality health coverage you have come to expect from a health ...
Small Business Health Options Program
Learn about HRAs. You now have more ways to contribute to your employees' health care costs — with Health Reimbursement Arrangements (HRAs). Use this guide to help you compare coverage options, like HRAs and group health plans. Find out what's right for your business.
Colorado Health Insurance Plans
Individual & Family Health Insurance Plans In Colorado. We offer health plans in Colorado that fit a variety of healthcare needs, including special programs to support better health. You may also qualify for financial assistance to help cover the costs of your health plan. 1. Find Plans In Your Area. ZIP Code.
Colorado Option
The Colorado Option is available to all Coloradans who buy their health insurance on the individual market (i.e. not from an employer) and small employers with less than 100 employees. Health insurance plans are required to lower premiums on Colorado Option plans by 15% by 2025. The Commissioner will enforce premium reductions through the ...
Colorado health insurance
UnitedHealthcare offers a whole range of individual insurance products for the state of Colorado.
Colorado Small Business Health Insurance
No. However, in order to be eligible for the Small Business Health Care Tax Credit, employers must contribute 50% or more of the cost of premiums for all full-time employees. Employer eligibility. Employers of any size with at least one other employer (other than their spouse). Generally, small employers with 1-50 employees are eligible for ...
Group Health Insurance in Colorado
Group Health Insurance Plans In Colorado. Small Business Plans. Our Colorado small business health insurance plans provide your employees access to the right doctors, benefits, tools, and support to simplify their health journey and help keep your business running. Plans are designed for businesses with 2 to 100 employees.
I am an employer. What do I need to know?
If you run a small business, you have the option of buying health insurance for your employees through the Connect for Health Colorado Marketplace. Just like individual insurance, the group plans offered there may qualify for federal subsidies to reduce their cost. You can also take advantage of the many Assistance Sites throughout Colorado.
Colorado Small Business Health Insurance Plans2023
Learn how to get Colorado small business health insurance plans for 1 to 50 employees. The best small business health insurance providers in CO offer affordable rates, flexible coverage options and access to a large network of medical providers. Below are some answers to commonly asked CO small business health insurance plan questions:
Connect for Health Colorado
Department of Public Health & Environment. The Health Insurance Marketplace for Coloradans: Connect for Health Colorado works to expand access, affordability and choice for individuals purchasing health insurance throughout our state. Health.
Types of Health Insurance
It is funded jointly by the federal government and Colorado state government. Child Health Plan Plus (CHP+) - A public, low-cost health insurance for certain children and pregnant women. Medicare - A program for people age 65 or older or people under 65 with certain disabilities or end-stage renal disease (permanent kidney failure requiring ...
Colorado Small Business
Get the best group health insurance for your Colorado small business! Our plans are customized to meet your unique needs and tailored to meet your budget. top of page (970) 578-0212. Home. ... Do I get access to an online portal to manage my small business's health insurance plan?
Small Business Health Insurance in Colorado
Small businesses with up to 25 full-time equivalent employees may qualify for a tax credit for offering employee health benefits. The credit is broken in to two phases. Phase 1 (2010-2013) includes a tax credit worth up to 35% of a small business's health insurance costs. Phase 2 (2014 and beyond) includes a tax credit up to 50% of a small ...
Self Employed & Small Business Health Insurance in Colorado
Instant online quotes on Colorado Small Business Health Insurance. Best available rates. Free Quotes. Low Cost Colorado Health Insurance and Major Medical Plans. Self Employed plans. ... We'll help you find the right health insurance plan for your specific needs. Save Time & Money. Knowledgeable Local Agents 303.456.7967 or 800.416.4481 Get a ...
Small Business, Group Health Insurance Brokers Colorado, Denver, Boulder
CO Health Brokers are group health insurance brokers in Denver, Boulder, Colorado who offers affordable group health insurance plans. Call us now at 303-541-9533 for small business health insurance in Colorado.