Business Group of One

Business group of one coverage allows self employed individuals the ability to buy group health insurance in Colorado, by making available a guaranteed issue Basic or Standard benefit plan without having to show proof of medical insurability, or, with proof of insurability, any small group health plan available from any carrier.

As a self-employed individual, you'll need to provide financial information about your business to the carrier prior to approval. This information is used to verify your status as a business entity. There are income requirements and other rules in place that may limit your ability to have a guaranteed issue group plan. Generally, if you are medical uninsurable or have pre-existing conditions, you have an open enrollment window every year. We can help you determine what's best for your needs.

Many single employers have elected to insure themselves with individual, rather than group, policies. While this is a viable alternative for some business owners, care should be taken in the selection of individual coverage. Should you elect to purchase an individual policy, you will be 'shut out' of the small group market for a period of 3 years, unless a group carrier voluntarily permits you to purchase a small group policy or your business status changes to a small employer with 2 + employees. For more information, review your options under individual health plans for alternatives to group plans.

We are experts at helping you make the right decision about your health plan, now and as you grow. Please contact us via email if you have any specific questions, or, order a personalized quote from us at no obligation.