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Colorado Small Business Health Insurance

In Colorado, small business owners are not just skiing the slopes and living the high life in the mile high city, they are staking out new grounds to build their empires. With this anticipated growth, small employers are realizing that there is a growing need for solid and loyal workers. There is nothing more crucial to today's employees than health coverage. Many employers are already on board in the state of Colorado, with contributions totaling more than $3,000 million dollars for a single coverage employee health plan.

In 2002, two large health organizations teamed together to bring Colorado its first consumer-driven health plan. Termed MMA select, this plan allows employers to contribute a set amount of money to a fund that allows their employees to purchase medical coverage. In addition, insurance carriers in Colorado have worked hard to provide the small business owner with access to group plans, in accordance with the state's insurance regulations.

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Featured Colorado Small Business Health Insurance Providers

If you are looking for information on Individual or Family Plans in Colorado, products are available from the following carriers:

• American Medical Security Life Insurance Company
  
  
• Anthem BlueCross BlueShield of Colorado
  
  
• Celtic Insurance Company
  
  
• Golden Rule
  
  
• Humana
  
  
• Kaiser Permanente of Colorado
  
  
• PacifiCare of Colorado

Colorado’s Small Business Health Insurance Regulations

• Insurers have to offer each employer of 2-50 employees the same health insurance plans that they offer to other small employers in the state. An eligible employee need only work 24 hours a week to qualify for coverage. Participation and contribution requirements must be met.
  
  
• Insurance cannot be cancelled due to illness of one member of the group, as long as the small business meets a minimum participation percentage.
  
  
• Small employers can be charged a higher premium for seriously ill employees and smokers enrolled in a group plan. Premiums can also vary based on age, family size and location of business.
  
  
• Those who are self-employed can enroll in individual or group insurance, as long as their business income is sufficient to pay the health insurance premium, and the business owner regularly works 24 hours per week at the business site. They must purchase coverage during annual open enrollment periods or within 31 days of the formation of their business. Aside from these restrictions, small business owners are guaranteed coverage regardless of health status.


• The self-employed who buy their own health insurance can deduct 100% of the cost of health insurance premiums on their federal taxes.

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