Miller & Associates Insurance

Group Plans

Miller & Associates Insurance specializes in Employer Health Plans for 2 - 50 employees. Medical benefits availible to your "Small Group" can range from entry level with higher potential out-of-pocket costs and LOWER premiums, to very comprehensive benefits with lower potential out-of-pocket costs and higher monthly premiums for greater security.

First, the big questions:

How much do I have to contribute?

Employer Contributions to employee benefits are regulated by the Colorado Division of Insurance, and most Insurance Carrier's plans availible to small groups require a minimum of 50% of the employee-only premium to be provided by the employer. Some carriers however offer a second contribution structure, which designates a standard flat amount for every employee as low as $125.00/month. This is usually offered on select plans where availible, but regardless all employer contributions are 100% tax deductible. Because we're an indepent insurance Agent, we're able to offer plans from dozens of providers instead of just one. That means that we can match the size of your group with a plan that fits the needs of both your company and your employees.

What's required from me?

To obtain quotes for a small group, insurance carriers require very simple information about the business such as the address, how many locations, SIC code etc. and simple census data for each eligible employee including gender, DOB, home zip code and dependents to be included or not.

After deciding on a plan, the application process is also pretty simple but requires additional documentation to verify the business and employees. Miller & Associates will provide you with all the forms to complete with a checklist and instructions for the applications, and hold your hand through out the process, then submit everything for you to ensure proper handling and a timely response. Working with an independent insurance Agent like Miller & Associates also means that we can choose from a huge variety of plans and find the one that benefits you the most. In other words, your plan will fit you perfectly (instead of you having to fit into your plan).

Are there other financial benefits?

Yes! A group plan like the one we can put together for you is tax-deductable for the company, which can mean some big savings on those quarterly returns.

COBRA versus State Continuation

We've put together an entire page about COBRA vs. State Continuation in our Knowledge Center. Learn more here!