Colorado Small Business Coverage
If you own a small business in Colorado (50 or fewer full-time-equivalent employees – FTEs), you can purchase qualifying coverage for your employees through Connect for Health Colorado for small business, the state’s SHOP (Small Business Health Option Program) exchange, or through a private broker or insurance agent. However, you may qualify for tax credits worth up to 50% of your premium costs if you use the state exchange. Beginning in 2016, SHOP will be open to employers with up to 100 FTEs. Under the Employer Shared Responsibility provision of ACA, beginning in 2015, all employers with 50 or more FTEs must offer employees at least one plan that is ACA-compliant or face fines of $2,000 per employee.
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Colorado Small Business Coverage
You can enroll in or change 2018 Marketplace health insurance right now. The 2018 Open Enrollment Period runs from November 1, 2017 to December 15, 2017.
IMPORTANT: 2018 Open Enrollment is shorter than in previous years
It's important to act quickly. If you don't act by December 15, you can't get 2018 coverage unless you qualify for a Special Enrollment Period. Plans sold during Open Enrollment start January 1, 2018.
Free, in-person help is available to guide you every step of the way. Questions about Medicaid, Medicare & CHP+ contact us.
I am proud to be a broker of Connect for Health Colorado here in the beautiful state of Colorado. I love meeting with my clients personally to help them make one of the most important decisions of their lives. I personally strive to be able to help and assist my clients with all of their health and life insurance needs. With the launch of health care reform now more than ever people need assistance making the most informed decision possible. There is not a person out there whom I cannot help but more importantly would not love to help. So please do not hesitate to call me today so that I can offer my assistance.
Here's a secret: slaving away inside your body to help you burn calories and shed fat. It's called your metabolism, and it's the sum of everything your body does. Each time you eat, enzymes in your body's cells break down the food and turn it into energy that keeps your heart beating, your mind thinking, and your legs churning during a grueling workout. A fast metabolism means more calories burned. The more you burn, the easier it is to drop pounds. And get this—you can make increase you metabolism so it works harder, a lot harder, 24 hours a day.
You can apply for coverage through Connect for Health Colorado’s Marketplace and for financial assistance in any of the following ways:
The Affordable Care Act (ACA), also known as Obamacare, has garnered a lot of debate since its implementation in 2010. Although it has created a minimum level of coverage for many insured Americans’ healthcare benefits, it has also created some costly tax penalties for those who don’t participate. Even you may have a pros and cons list from your experience with the Affordable Care Act.
Medicare is divided into four main parts: A, B, C, and D. The first two parts, A and B, are sometimes called “Original Medicare.” Part C, also known as “Medicare Advantage” is a private insurance plan that provides similar benefits as Original Medicare. The final piece of Medicare, Part D, is a prescription drug plan.
Insurance companies price Medigap policies based on three main things: your plan choice, your personal factors, and their pricing systems. Because of these factors, the monthly cost of a Medicare Supplement insurance plan can vary widely.
One thing that will greatly affect the cost of your coverage is which plan you choose to buy. The 10 standardized plans vary greatly in their coverage and benefits, and so do their prices.
You have guaranteed access to a Medicare Supplement insurance policy if you buy during your open enrollment period, even if you have a pre-existing condition. It’s possible to get a policy after the enrollment period, but it’s not guaranteed.
High-deductible Medicare Supplement insurance plans require you to pay for a certain amount of Medicare-covered costs on your own each year before the policy provides any coverage.
The only high-deductible Medigap plan is high-deductible Plan F. The high-deductible option is usually cheaper than the standard Plan F, but it requires higher out-of-pocket costs.
Obamacare is not expected to negatively affect Medicare Supplement insurance, but it will have both positive and negative effects on the Medicare program.
The Affordable Care Act (ACA), commonly referred to as Obamacare, was passed in 2010 to remodel health care in the United States. Although it primarily changed private insurance, it did make some changes to the Medicare program.
Medicare Supplement insurance does not include dental and vision coverage.
According to Medicare.gov, “Medigap policies generally don’t cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.”
Unlike other Medigap plans that provide 100% coverage for all benefits, cost-sharing plans provide only partial coverage for certain benefits. There are two cost-sharing plans currently available: Plan K and Plan L. Both plans include the same benefits, but the levels of cost-sharing differ.
The most popular Medicare Supplement plans are Plans F, C, and G, according to 2012 statistics from America’s Health Insurance Plans (AHIP). Plan F is by far the most popular Medigap plan, according to the AHIP data, accounting for over half of all Medigap policies in 2012.
Medicare Supplement insurance has a 6-month open enrollment period (OEP). It begins as soon as you are both 1) 65 years old and 2) enrolled in both Medicare Part A and Part B (Original Medicare).
A guaranteed issue right allows you to purchase a Medicare Supplement insurance policy from any company without regard to your health condition. You only have a guaranteed issue right in certain situations.
According to Medicare.gov, when you have a guaranteed issue right, insurance companies are lawfully required to sell or offer you a Medicare Supplement insurance policy even if you have pre-existing conditions. In these situations, insurers cannot charge you more because of past or present health problems.
Disclaimer: This website is not the Health Insurance Marketplace website