Group Coverage
Group health insurance is a type of health insurance coverage that is provided to employees of a business or organization. The employer typically pays a portion of the premium cost, with the remainder being paid by the employee through payroll deductions.
Here are some key things to know about group health insurance in Colorado:
Group health insurance plans in Colorado must cover essential health benefits, including preventive care, maternity care, mental health services, and prescription drugs.
Small businesses with fewer than 50 employees can purchase group health insurance (Small Group Insurance)
Premiums for group health insurance in Colorado are based on factors such as the age of the employees, the size of the business, and the level of coverage selected.
Group health insurance plans in Colorado may offer different types of networks, such as health maintenance organizations (HMOs) or preferred provider organizations (PPOs), which affect the cost of care and the availability of in-network providers.
Employers in Colorado may also offer additional benefits such as dental or vision coverage as part of their group health insurance plan.
If you are an employer in Colorado, it is important to carefully review your options for group health insurance coverage to find the plan that best fits the needs of your business and employees.
