Running head: HEALTH INSURANCE IN COLORADOHealth Insurance in ColoradoNameCourseTutorDate1HEALTH INSURANCE IN COLORADO2In Colorado, health insurance can be purchased in various classes. The categories that canbuy health insurance in Colorado are; individuals, small employer group market, large employergroup market and the self-funded group market. Single market refers to a situation where policyis offered to an individual or family who doesn't purchase health insurance through an employeror another group. In this scenario, the health plans are fully insured leaving the insurer with theresponsibility of paying for claims generated by all covered persons. Group two is the smallemployer group market under which companies with less than 100 employees fully insure theiremployees. Under this arrangement, the insurer bears all the cost of the claim in case of any(Fronstin, 2013).Situation three is the large employer group market. This insurance type applies in caseswhere members of the business group claim benefit from the insurer. This insurance type is forcompanies with more than 100 employees. Finally, there is the Self-funded group market. Thissituation is o ...
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