No law in the state of Colorado requires an employer to provide health insurance for the employees of the business; however, most employers do provide this insurance coverage.
However, under Colorado law, most people, with some exceptions, are required to have health insurance if they live in the state of Colorado as a resident. This means if they do not have health insurance from their employer, they must get their own coverage unless they are exempt.
The exemptions in Colorado are:
- Short-Term Visitors: Anyone in the state for less than three months is not required to have health insurance.
- Low Income: People below the limit required for filing federal taxes and those who would have to pay more than 8% of their income for health insurance do not have to buy it. They get Medicaid coverage for free instead.
- Other Exemptions: People who are not legally in the United States, those who are incarcerated, members of federally-recognized tribes, certain religious members, and those with hardships who apply for an exemption.
Health Insurance Consultation
For business owners who desire to provide health insurance for their employees and for those who are looking on their own for health insurance coverage for themselves and their families, consult with an agent at Colling Insurance Services Inc. serving Lakewood, CO, and the surrounding area.
Your agent will help you explore the options and bring some clarity to the variety of health insurance program choices for you to consider. The agents keep up with all the constant, ongoing changes, so you do not have to be concerned that you are making a bad decision when you work with an expert in health insurance.
To get help with all of your health insurance needs, contact your agent at Colling Insurance Services Inc. in Lakewood, CO for a health insurance review and to get a quote.