303-425-4466

Health Shop, Inc.

303-425-4466

Health Shop, Inc.

When shopping for Colorado group and small business health insurance there are three things to consider in order to make the most prudent business decision possible.  Whether you use a broker or not you should consider the following:

1. A market analysis to determine the best product for your budget.  This analysis could take between 5-10 hours of self-research for individual plans and between 20-40 hours for a Colorado small group plan for your business.  Its best to find a few options and then invest the time into the feasibility studies for your clinical needs. See as follows.

2. A doctor’s feasibility study to match you and your family’s current doctors up with the company’s provider list.   The smartest way to proceed is to complete the market analysis and then double check the list of the qualified companies from your analysis to make sure they match your list.

3. A hospital and clinical feasibility study to match you and your family’s current hospitals and/or clinics up with the company’s provider list.  Please keep in mind that every insurance company has a different doctor and hospital provider list.

Getting Started : Before You Buy Group Health Insurance in Colorado, Consider the following:

1. Start by going to a reputable agency or agent that has a proven track record with individuals and small businesses. Get references and ask for a copy of their mission statement, as well as any other agency marketing material they will send you regarding the type of health plan you are looking for.

2. Inquire as to what quoting software or systems they use or subscribe to in order to provide you a market analysis.  This applies to both the individual or small group  market in Colorado. More quotes equal greater opportunity to find the best benefits match for your needs.

3. Have the agent provide you with a list of companies they plan on quoting to provide you a good market analysis.  Here is a partial list of companies we recommend to begin with; Aetna, Blue Cross Blue Shield (Anthem), Celtic, Cigna, PacifiCare, Kaiser Permanente, PacifiCare, United HealthCare, Rocky Mountain Health Plans, Golden Rule, Met Life, Great west Life, Mutual of Omaha. Fortis, and there are a few others.

4. Ask if the broker has a sales quota with any particular company, which would be an indication of their allegiance to a specific company, which may not be in your best interest.

5. Ask them if they will provide a doctor and hospital feasibility study, to match you up with your current clinical needs before committing to change policies otherwise you might find your're out-of-network on your first doctor or hospital  visit.

6. If you have particular needs for specific medications remember that every company has their own formulary which may include your prescribed drug or not.  It is a good idea to ask for a list of their formulary or generic and name brand drugs that they cover.

Click on the Health Shop, Inc. logo for access to the most comprehensive insurance databases and quoting systems in Colorado.

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