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It is not unusual for small group employers to

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Unformatted text preview: not unusual for small group employers to experience 10% to 20% or more COLORADO SMALL GROUP HEALTH InSURAnCE MARKET COLORADO SMALL GROUP HEALTH INSURANCE MARKET Number of Employees Percentage of Companies in Small Group Insured Market 1 to 10 11 to 25 26 to 50 Total Average BG-1s a 89.6% 8.5 1.9 100.0% 27.0% Percentage of Covered Lives 60.7% 27.5 11.8 100.0% 7.7% Colorado Average Monthly Premiums Paid by Employers Single $441 420 418 $429 Family $1,159 1,102 1,098 $1,127 Single $446 419 406 $426 Family $1,172 1,100 1,065 $1,117 - - - - a Business Group of One. Sources: American Health Insurance Plans (AHIP) 2010 survey, and Colorado Business Economic Outlook Committee. 80 U.S. Average Monthly Premiums Paid by Employers 2012 Colorado Business Economic Outlook annual rate increases, which contributes to the inability of small businesses to continue offering health insurance to their employees. Ten out of the current 16 insurance carriers insure 99.7% of the small group market. The top three carriers have...
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