New health plan available to local small businesses
The Aspen Times
Aspen, CO Colorado
GLENWOOD SPRINGS – A new health insurance program that aims to reduce employee benefits and workers’ compensation costs is now available to Western Slope small businesses with five or more employees.
The Roaring Fork Valley Community Health Plan, a nonprofit health-plan promoter based in Glenwood Springs, announced the creation of the program on Wednesday. It’s called Roaring Fork Employer Solutions, and it will be made available to members of the Aspen Chamber Resort Association and other area chambers of commerce at a discount, according to Brad O’Neill, a consultant for RFVCHP.
O’Neill is vice president of HUB International Insurance Services, also based in Glenwood Springs. He said the new program was created in part because large insurance companies, including Aetna, recently decided to pull out of the small-group market in Colorado. And with new federal health-care reform laws in place and health-care costs continuing to rise, businesses throughout the valley needed more affordable insurance options, he said.
“The declining number of insurance carriers has definitely created a problem for small businesses,” O’Neill said.
CoAdvantage, a national administrator of employee benefits, was selected by RFVCHP to administer the program. A few area businesses have already signed up and they have experienced substantial savings, O’Neill said.
Through CoAdvantage and its growing purchasing power, small businesses will be presented a variety of plan alternatives, and may still have access to benefits from large insurance companies such as Aetna, O’Neill said.
Nonchamber members are eligible for the plan but they won’t get the discount provided to chamber members, he added.
ACRA President Debbie Braun said her organization endorses the new program. Information about it has already been provided to ACRA members.
“Qualifying employers can share employment administration and potentially save substantial money on benefits like health insurance,” she said in a prepared statement.
For more information about the program or to get a quote, call your local chamber of commerce or contact HUB International at (888) 795-0300.
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