Fully Insured Accident Insurance Plans
Up to $10,000 in Supplemental Accident Insurance Coverage per Family Member. The perfect complement to a high-deductible health plan.
Coloradans share an adventurous spirit. Whether you are a skier, hiker, rock climber or simply a brave wintertime commuter, living in Colorado does present some risk of accidents!
As residents of the Centennial State, we have learned that preparation is the key to living a mile or more above sea level. The old adage, “If you don’t like the weather in Colorado, just wait a minute” means that Coloradans must be prepared for anything the great outdoors may bring.
That’s why also being prepared with an affordable, benefit-rich accident plan is a wise move.
Since the average trip to the emergency room can cost hundreds or thousands of dollars, an accident plan is a perfect complement to a high deductible HSA-qualified health insurance plan or a health sharing plan. An accident plan will reduce your deductible for an accident to only $100. Any benefits paid for by your accident plan will also go towards satisfying your family’s annual deductible for your HSA plan.
ColoHealth offers four different accident plans through Wholesale Benefit Association*, each with only a $100 deductible. The plans cover up to the stated limit every time a covered person suffers an accidental bodily injury. There is a one-time $10 application fee.
$2,500 Accident Plan - The individual plan is $24.75 per month, and the family plan is $38.75 a month.
$2,500 Accident Plan
Up to $2,500 in Supplemental Accident Insurance Coverage per Family Member.
Coverage Information
Accident Medical Expense Benefit *
Amount: $2,500 – subject to a deductible of $100.
This plan is available through Wholesale Benefit Association. It covers for 24-hours per day, and offers $2,500 of coverage per family member anytime someone suffers an accidental bodily injury.
* The Accident Medical Expense Benefit Amount is payable on an excess basis. WBA will determine the Reasonable and Customary charge for the covered Medical Expense. They will then reduce that amount by amounts already paid or payable by any other plan from which the insured person is entitled to receive benefits. They will pay the resulting amount, subject to a $100 deductible, plus amounts paid by the insured person to satisfy cash deductibles or coinsurance amounts. In no event will they pay more than the $2,500 per accident. The policies includes limitations and exclusions. Please refer to the Master Policy for all insurance provisions.
Rate Information*
| Individual: $24.75/month | Plus one-time application fee |
| Family: $38.75/month |   |
Online applications are 100% secure using SSL certified 128-bit encryption.
*1. Rates are illustrative only; 2. Do not send money directly to the issuer of this health benefit plan; 3. A person cannot obtain coverage under this plan until you complete an application for coverage; 4. Benefit exclusions and limitations may apply.
$5,000 Accident Plan - The individual plan is $32.75 per month, and the family plan is $49.75 a month.
$5,000 Accident Plan
Up to $5,000 in Supplemental Accident Insurance Coverage per Family Member.
Coverage Information
Accident Medical Expense Benefit *
Amount: $5,000 – subject to a deductible of $100.
This plan is available through Wholesale Benefit Association. It covers for 24-hours per day, and offers $5,000 of coverage per family member anytime someone suffers an accidental bodily injury.
* The Accident Medical Expense Benefit Amount is payable on an excess basis. WBA will determine the Reasonable and Customary charge for the covered Medical Expense. They will then reduce that amount by amounts already paid or payable by any other plan from which the insured person is entitled to receive benefits. They will pay the resulting amount, subject to a $100 deductible, plus amounts paid by the insured person to satisfy cash deductibles or coinsurance amounts. In no event will they pay more than the $5,000 per accident. The policies includes limitations and exclusions. Please refer to the Master Policy for all insurance provisions.
Rate Information*
| Individual: $32.75/month | Plus one-time application fee |
| Family: $49.75/month | |
Online applications are 100% secure using SSL certified 128-bit encryption.
*1. Rates are illustrative only; 2. Do not send money directly to the issuer of this health benefit plan; 3. A person cannot obtain coverage under this plan until you complete an application for coverage; 4. Benefit exclusions and limitations may apply.
$7,500 Accident Plan - The individual plan is $39.75 per month, and the family plan is $59.75 a month.
$7,500 Accident Plan
Up to $7,500 in Supplemental Accident Insurance Coverage per Family Member.
Coverage Information
Accident Medical Expense Benefit *
Amount: $7,500 – subject to a deductible of $100.
This plan is available through Wholesale Benefit Association. It covers for 24-hours per day, and offers $7,500 of coverage per family member anytime someone suffers an accidental bodily injury.
** The Accident Medical Expense Benefit Amount is payable on an excess basis. WBA will determine the Reasonable and Customary charge for the covered Medical Expense. They will then reduce that amount by amounts already paid or payable by any other plan from which the insured person is entitled to receive benefits. They will pay the resulting amount, subject to a $100 deductible, plus amounts paid by the insured person to satisfy cash deductibles or coinsurance amounts. In no event will they pay more than the $7,500 per accident. The policies includes limitations and exclusions. Please refer to the Master Policy for all insurance provisions.
Rate Information*
| Individual: $39.75/month | Plus one-time application fee |
| Family: $59.75/month | |
Online applications are 100% secure using SSL certified 128-bit encryption.
*1. Rates are illustrative only; 2. Do not send money directly to the issuer of this health benefit plan; 3. A person cannot obtain coverage under this plan until you complete an application for coverage; 4. Benefit exclusions and limitations may apply.
$10,000 Accident Plan - The individual plan is $48.75 per month, and the family plan is $72.75 a month.
$10,000 Accident Plan
Up to $10,000 in Supplemental Accident Insurance Coverage per Family Member.
Coverage Information
Accident Medical Expense Benefit *
Amount: $10,000 – subject to a deductible of $100.
Up to $10,000 for Each Family Member, Per Occurrence for Medical Services
- Use Any Doctor, Emergency Room or Hospital
- Pays Directly to You Unless You Assign Benefits
- $100 Deductible
Accident Plan $10,000 is marketed through Wholesale Benefit Association. It offers $10,000 of coverage per family member anytime you suffer an accidental bodily injury.
Rate Information*
| Individual: $48.75/month | Plus one-time application fee |
| Family: $72.75/month | |
Online applications are 100% secure using SSL certified 128-bit encryption.
*1. Rates are illustrative only; 2. Do not send money directly to the issuer of this health benefit plan; 3. A person cannot obtain coverage under this plan until you complete an application for coverage; 4. Benefit exclusions and limitations may apply.
There are several important exclusions you need to be aware of before you join WBA:
- Injury covered by Worker’s Compensation or the Occupational Disease Law or mandatory no-fault automobile insurance.
- Suicide, attempted suicide or intentionally self-inflicted Injury while sane.
- Loss resulting from being legally intoxicated or under the influence of alcohol as defined by the laws of the state in which the Injury occurs.
- Loss resulting from intoxication; or the use of any drug or agent classified as narcotic, psycholytic, psychedelic, hallucinogenic, or having a similar classification or effect, unless prescribed by a Doctor.
- Covered Charges incurred outside of the United States or its possessions.
To view the Certificate of Coverage listing any specific exclusions and limitations for coverage in your state of residence, please click here.
The Importance of Timing
Joshua Harrison and his $2,500 cast
It was just another Sunday, not much to do, just shopping, errands and a birthday party for our 8 year old son Joshua’s friend. Not the kind of day when you would expect anything to happen, but have you ever had a day where you expected something to happen?
First up – shopping, we despise doing this, so we get it out of the way. We then made a quick run to the bank and the post office. Finally, we drop off Joshua at the birthday party. The party is just around the corner from our house, so we walk him there. Day over – all we have left to do is to pick up Joshua in a couple of hours – time to relax, right?
Wrong! Two hours later we are at Urgent Care getting Joshua’s wrist and arm x-rayed. You see while Joshua was at the party running and playing with his friends he decided, like most kids do, that he was unbreakable, like all the super hero’s he loves to imitate. A quick run up a ladder and jump off the platform amounted to two fractures in his left arm. Don’t worry too much – he was fine in 4 – 6 weeks.
The reason we tell you this story is not because we don’t want you to send your kids to their friend’s birthday parties. We tell you because we found out the hard way, that “time truly is money.” You see we decided on September 5th to purchase an accident plan for our family. We could have had it start immediately, but we decided to save a little money and have it start on October 1st. Why was that bad timing? Because Joshua’s accident happened on September 28th, two days before our accident plan was effective.
Two days… two days cost us $2,400. With doctor bills, x-rays, urgent care, rehabilitation and medication our total out of pocket was $2,500. If Joshua could have just held off for two more days it only would have cost us $100, the accident plan deductible. Or we could have decided to spend the extra $35 for the month of September and the financial outcome would have been the same.
The moral of our story is a simple one – you make decisions every day because you don’t think anything is going to happen. The fact of the matter is it could happen to anyone, any day.
Health Insurance Instant Quote
HEALTH INSURANCE INFORMATION
- Plans approved and authorized under the Affordable Care Act
- Covers Pre-Existing conditions
- Low cost subsidized plans available to those earning
< 400% of the federal poverty level - Unlimited lifetime benefits
- Available during open enrollment (November 1 – January 15), or if you qualify for a Special Enrollment Period
How to Choose an HSA-Qualified Health Plan
HSA plans are simple and easy to understand. If you need some basic information on how Health Savings Accounts (HSAs) work, visit our HSA page.
A relatively small percentage of health insurance plans are HSA-eligibile. If you are looking at health insurance quotes through our quote engine, HSA plans will be noted.
While HSAs are typically associated with insurance plans, ColoHealth also offers a partially self-directed HSA combined with a healthshare program through MPowering Benefits. Health care sharing programs are not insurance; instead, they pay formedical expenses in a different way. Members pay monthly contributions, and that money is pooled together to pay for its members’ qualifying medical expenses.
Health share programs offer significant savings, one of their biggest appeals and one of the reasons why there are now more than a million people who have joined a health share program. However, they aren’t for everyone. If you have a pre-existing condition or are currently going to the doctor often, medicare cost sharing programs might not be the right fit for you.
When you are ready to choose a plan, follow the directions below. It usually takes no more than 10 minutes or so to choose the best plan for your needs.
1. Get an Instant Quote.
Our instant quote engine can rapidly show you the available plans in your area, so that you can get an overall feel of what premiums will be for the different HSA plans.
To see just the HSA health insurance plans, change the “Plan Type” on the Customize Search tab at the top of the page to “HSA”. Note that not all insurance companies and plans are available in all areas.
The healthshare program that works with an HSA is very attractively-priced, particularly if you do not qualify for a health insurance subsidy.
Get an Instant HSA Health Insurance Quote
Get an Instant HSA Healthshare Quote
2. Compare premiums/monthly contribution amounts.
This will quickly give you a feel for which companies are most competitive in your area.
3. You may want to consider adding an $100 deductible accident policy. Stand-alone accident plans can be viewed on our Accident Plans page. Because these accident plans are very inexpensive, you may be able to keep your premiums lower while greatly reducing your exposure for the type of claim you’re most likely to need your health insurance for – an accident.
4. With both health insurance and most health sharing plans you may want to check the insurance company’s PPO or HMO network to see which doctors and hospitals are considered in-network providers. The link to each plan’s PPO or HMO network can be found on that company’s page on our site.
Note that some healthshare programs do not use a network, and allow you to see any doctor of your choice.
How to Apply for Coverage
Applying for HSA health insurance and establishing an HSA is quick and easy. Most companies allow you to apply online. Or you may simply print out an application and fax it to us at 866-284-0082, or mail in your application to the address below.
Apply Online
The easiest and most efficient way to apply for an HSA plan is online through a secure online application. This will enable you to avoid the hassles of filling out a paper application and will speed up the process by instantly transmitting your information directly to the insurance company. The application usually takes about 10 minutes to complete.
You may apply online by running instant quotes, and apply online for most plans we offer right from the quoting system's results page. Or simply select the apply online link below for the plan you are interested in.
If you are interested in a healthshare plan, you can get a quote on the MPowering Benefits HSA-qualified health share plan, and apply online.
Mail or Fax an Application
You can download an application for the plan you are interested in, print it out, fill in all the required information, and then either fax it to us toll-free at (866) 284-0082 or mail it to us at the address below.
What Happens After You Apply
When you apply for a health insurance plan through Colohealth, we immediately submit the information. We monitor your application during the whole process, and keep you informed. We use our experience and connections to make sure your policy gets issued as quickly as possible. If any additional information is needed, we’ll let you know. We will inform you as soon as you’ve been approved, and make sure you’re happy with your coverage.
We're Here to Help
As you've probably noticed, our website is comprehensive and should answer most of your questions. However, if you need personal assistance, we are happy to help. Simply pick up the phone and call us, or if you are already in communication with one of our Personal Benefit Managers, you can contact them directly.
If you’re unsure, you may want to schedule a telephone consultation before you sign up for a plan. We will help you fully analyze all your options, let you know the pros and cons of the various plans you are considering, and give you our professional opinion about which plans will best meet your needs. We’ll then help you get enrolled with the plan you choose.
How to Establish Your Health Savings Account
Once you have applied, you'll want to go ahead and set up your Health Savings Account. You are not required to establish an HSA, but by funding the account as soon as possible you'll be able to take advantage of the tax deductions and tax-deferred growth HSAs offer.
To establish your HSA, follow the steps below:
- Choose the bank or trustee you would like to administer your HSA.
- Fund your account no later than April 15th for the previous year.
- Decide how you want that money invested.
- Decide on a strategy for when you’re going to make withdrawals (see the How to Maximize Your Tax Benefits section below).
How to Maximize Your Tax Benefits
An HSA plan is really a pretty simple concept. You have a high-deductible health insurance plan you hope to never use, but if something big does happen, it will protect your assets and cover your medical expenses. There are a few things that can make a big difference in how much money you spend and how much money you accumulate in your account.
There are basically three different strategies on how to fund your HSA.
- Put no money in the account, except when you incur a medical expense. This strategy allows you to legally "launder" any money used to pay medical expenses. In other words, by depositing money into your HSA, then immediately withdrawing it to reimburse yourself for medical expenses, you are making your medical expenses all tax-deductible. You may want to use this strategy if you are on a tight budget and want to keep your cash outlay as low as possible.
- Fully fund the account, or at least put in as much as possible based on your budget. Take money out of the account any time medical expenses are incurred, and let the rest grow tax-deferred. This strategy will maximize your tax deduction, while making your HSA funds available to pay any non-covered medical expenses before your deductible is met.
- Fully fund the account, but pay all medical expenses from a non-HSA account. Reimburse yourself for medical expenses at a later date. This strategy will allow you to maximize your tax deduction and the tax-deferred growth of your HSA. You can then reimburse yourself, tax-free, at any time in the future for medical expenses incurred over the ensuing years.
To maximize the potential growth of your funds, you may want to make your HSA deposits as early in the year as possible. Any growth in your account is tax-deferred, like an IRA.
Take Full Advantage of Your HSA
Don't forget that every time you fund your account you get an instant tax deduction. When you offset the tax savings against your premiums, your net cost for an HSA plan can be very low.
The maximum allowable contribution goes up every year with the Consumer Price Index. If you are contributing to your account for 2024, the individual contribution limit is $4,150, and the family limit is $8,300. In 2025, that limit is $4,300 for individuals and $8,550 for families.
Review your options.
Rate increases for plans happen only in January, so make sure to review your options every year during open enrollment to make sure they’re still the best choice for you. Even if you switch to a plan without an HSA, the account and money are still yours to use; however, you simply can’t contribute to it anymore until you’re under another HSA-qualified plan
Often, people keep their plan much longer than they should, and end up paying much more than they should. If your rates go up, you can compare a wide variety of plans on our Instant Quote System. If you have your coverage through ColoHealth, we automatically do this analysis of available plans for you any time we are notified of rate increases.
Whether you pick an HSA with an insurance plan or a health share plan, HSAs plans are a great way to protect yourself while saving tax-deferred money. If you have any questions or would like to review your options, reach out to your Personal Benefits Manager or give us a call. We’d love to chat and help you through the process.
Healthshare Instant Quote
HEALTH COST-SHARING INFORMATION
- Not health insurance, but a way for like-minded individuals to share medical expenses
- Waiting periods on pre-existing conditions
- May exclude sharing for certain conditions or activities
- Enroll any time
- Much lower monthly cost than unsubsidized health insurance