Small Business Health Insurance Broker in Colorado Springss

We specialize in group insurance for small businesses in Colorado Springs and surrounding areas.  We have been in business over 30 years.

Each member of our local Colorado Springs staff  is knowledgeable, responsive, friendly and extremely good at customer service.  Check out our Google reviews for proof (opens in new window).

We are locally owned and managed. By working with us you are supporting local Colorado Springs families and the local economy.

We provide hands-on help at your business and work directly with your employees.  We will assist with employee meetings, adding or deleting employees and claim problems with continuous follow up.

Our team of small business health insurance brokers have one goal – we want you to forget about employee health insurance so you can focus on running your business.

The cost of health insurance for your small business is based upon three major things. The age of the employees, the number of employees quoted, and the county that the business is headquartered in. Costs are individualized per group and will vary from business to business based on these three factors.

At Preferred Insurance we offer onsite or over the phone consultations and provide the information you need such as provider networks, out of pocket costs, co-pays, deductibles, and benefits services in your area. We ensure you understand the cost, the benefits and the options available as an employer.

Group health coverage is a health insurance policy issued to a group – typically a business with employees – that covers all eligible employees and sometimes their dependents.

The various Colorado health insurance companies (Kaiser Permanente, Anthem, etc.) each create numerous medical insurance plans. The different plans are uniquely designed for the  needs of hundreds of types of businesses.

Group health coverage is obtain by a representative of the group – i.e. the employer – who purchases the medical insurance plan for the group.  Typically the employer will pay the insurance company the full fee for the medical insurance plan and deduct the employees portion from their paychecks.

Buying health insurance for your small business (group coverage) has different rules than buying health insurance just for yourself or your family (individual coverage).

The majority of non-Medicare or Medicaid covered Americans have group health insurance coverage through company sponsored group plans.

Group health insurance for small businesses in Colorado offers many benefits to both the employer and employees. A few examples include lower premiums, tax incentives, cost-sharing with the employer, a positive work environment, higher productivity, and higher employee retention.

Offering business health insurance and promoting employee wellness can help attract and retain employees. Preferred Insurance can tailor packages according to your employees needs and the goals of your business. Offering benefit packages reduces employee turnover, therefore decreasing waste and saving your company money.

Read the benefits of group health insurance to learn more.

Yes, group health insurance can be cheaper than individual health insurance.  If you own a small business in Colorado, it will be worth the time to speak to a group health insurance broker and see if you can save money with a small business group health plan.

If you own a small business in Colorado with at least one full-time employee (30+ hours/week, not an independent contractor, spouse, relative, business partner or part-owner of the company) then you most likely qualify for group health insurance.

If you are self-employed with no employees then you are considered a small group of one and cannot buy group health insurance in Colorado.

Speaking with a small business health insurance broker is the best way to find out if you qualify for group health insurance.

Contact us to schedule a free group health insurance consultation and get the answers you need.