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(719) 440-5857
Small Business Health Insurance
Group Benefits
Build Your Own
Customized Group
Health Insurance Plans
Find the best plan at the lowest price
Our No-Cost Concierge Level Broker Services Makes Onboarding Easy
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."
Questions?
Talk to a Local Agent
(719)440-5857
"Great to work with! Positive approach and responds quickly and efficiently!"
-Nina
"... provided me first with personal healthcare and then my entire company with a business plan. He has been very helpful and personable."
-T.J.
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 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, BeneFix 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 the employer 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.
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.
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We provide transparent information, so you know what to expect. Here are 7 important things to know.
01
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.
02
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.
03
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.
04
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.
05
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.
06
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.
07
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.
For more detailed information, please visit our FAQ's page.
