I’m Self-Insured

Self-insured

If you have health insurance but want to know if there may be better options for you through Colorado’s health insurance exchange (Connect for Health Colorado) or direct through an insurance company, make sure you have a basic understanding of household income and spending and give us a call (303-667-7123). You may qualify to receive subsidies or discounts on plans for next year. Otherwise, we can help you find an insurance policy that you can purchase directly through your chosen insurance company.

Premiums and other out-of-pocket expenses including deductibles, copays and co-insurance can quickly add up to thousands of dollars every year. Health care plans limit these out-of-pocket costs. Under the new rules, individuals are not required to pay more than approximately $6,350 per year and $12,700 for a family.

In addition, under health care reform laws, insurance plans cannot charge older individuals a premium that is more than three times greater than the premium charged to a younger person. Insurers are also not allowed to increase rates based on your health and pre-existing conditions.

Health Savings accounts are still permitted under health care reform laws. You can enroll in a high-deductible health insurance plan and set up a Health Savings Account to fund certain medical expenses.

If you are currently self-insured but employed, ask your employer if they plan to offer health insurance starting in January. If so, gather as much information as you can about the plan that will be offered to you and give us a call. We can help you understand your options and make the best decision for you and your health.