I own a small business in Colorado. How can I get an affordable plan for my employees?

While there are many available options, Aetna is making strides in health insurance plans for small business owners in Colorado. The following is an exerpt from a September 2006 news release:

Unique in the market, Aetna will introduce "Pick-a-Plan 3" giving businesses with as few as 5 or more enrolled employees the opportunity to offer their employees three different Aetna health plans from which to choose. The loosened participation requirements will increase access and affordability for small business, and give employees a range of options so that they can select the one which best meets their families’ individual health needs and financial goals. Aetna is also introducing a "ValuePick" option which will loosen participation and contribution requirements for employers who choose one or more of Aetna’s Value Plans.

Aetna offers 13 health plans tailored specifically to small business, including two high deductible plans that are compatible with health savings accounts. In addition to consumer-directed plans, Aetna offers open access managed care plans, state-mandated value plans and traditional indemnity coverage. Aetna’s plans are designed for affordability and to give employees options as they consider how much to invest in monthly premiums versus out-of-pocket expenses. Annual deductibles for in-network care range from $500 a year to $3,000 a year depending on premium and benefit levels. Co-pays range from $15-$25 for a primary care office visit, and $25 to $40 for specialist visit. Annual premiums will vary depending on plan design. A three-tier pharmacy benefit is included on all medical plans, and members can save money on out-of-pocket prescription drug costs by using Aetna’s mail order pharmacy. Aetna offers both PPO and HMO dental plans. Life and disability coverage can be bundled together to give employers the convenience of a single bill, or purchased separately.

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