Q: Can an employee continue their insurance benefits after employment has been terminated?
A: Yes, as long as the employees’ previous employer has group coverage. The rules vary according to the size of the employer group. Colorado Continuation Coverage applies to employees of any employer group policy, except a single self-employed group of one. This continuation coverage is available if an employee has been covered under the employer’s plan for six consecutive months. If covered less than six months but more than three months, conversion is available. COBRA applies to firms who have 20 or more employees on more than 50% of their typical business days in the previous calendar year. COBRA is available regardless of length of employment.

Q: Do we get a group discount or lower rate by purchasing health insurance through Colorado Nonprofit Association/Colorado Nonprofit Insurance Agency?
A: The Colorado Division of Insurance does not allow associations to offer a “discount” on health insurance. We get the same competitive rate as other agents. Along with these competitive rates, we work for Colorado Nonprofit Association and the nonprofit sector so we know nonprofits and care about your mission. In addition, your organization can place all of its insurance needs in one place.

Q: I am a “Business Group of One”. Can I purchase health insurance from Colorado Nonprofit Insurance Agency?
A: Yes, “Business Groups of One” are eligible to participate in health insurance (and other programs). Special rules do apply. Please call Colorado Nonprofit Insurance Agency for more information.

Q: Do dental plans have a maximum benefit amount?
A: Dental HMO plans generally do not have a maximum amount. A specified co-pay is established for each procedure. However, indemnity dental plans will specify the maximum amount the carrier will pay during the calendar year. As the cost of a dental procedure increases, it’s an important item to consider when purchasing coverage.

Q: If I leave my employment, will I lose my life and disability coverage?
A: Disability income plans are valid while you are employed. If you change jobs, usually you are unable to change that plan to an individual policy. Life insurance policies normally have a conversion privilege. The insurance carrier will allow you to keep the policy by paying the premium requested. The premium is normally higher than the amount charged to the group. If your life insurance policy is portable, that means you may take it with you at the same coverage and premium.

Q: Can I get disability income coverage for a small group of employees?
A: Most insurance companies will only offer guaranteed issue policies (no medical questions asked) to groups of 10 or more employees. Policies may be available to groups of 2 to 10 employees. Frequently, some form of medical screening is required. Contact Colorado Nonprofit Insurance Agency to find out if your small group would qualify.