Frequently Asked Questions
What is the Group Insurance AnalyzerSM?
It is more than just a health insurance proposal. It is a comprehensive research report and analysis of about twenty different group health insurance companies and includes more than 80 various plan designs. It is exclusive to GIAsm.
Can I get the Group Insurance AnalyzerSM from my current agent or broker?
No. The AnalyzerSM is only available through GIAsm.
Can I pay GIAsm for this report and then use my own agent for the insurance transaction?
Yes. But aren't you already paying your current agent for this kind of service??
Why isn't anyone else showing me this type of analysis?
There are tremendous resources required to develop and update the Group Insurance AnalyzerSM program - resources most agents do not have.
What's to prevent me from taking the Group Insurance AnalyzerSM and just giving it to my current agent?
First of all, the AnalyzerSM is protected under copyright laws, so obviously legal issues would arise. But what about moral and ethical issues? Would you think it right for someone to use the unique resources of your company and then pass them on to your competitor?
Why can't you just fax the Group Insurance AnalyzerSM to us?
We fax and e-mail the AnalyzerSM to our existing clients quite frequently. However, for a new or prospective client, we prefer to meet in person. This gives us the opportunity to earn your business by explaining how we work, what services we can provide for you, and how we can represent your best interests. This also allows us to add a human element to the experience - attach a face to the report, if you will.
Why are the insurance companies sometimes encoded in the Group Insurance AnalyzerSM?
The AnalyzerSM is a great tool for comparing, analyzing, and selecting an insurance plan to fit both your needs and your budget. It is also a tool that is specifically unique to our firm, GIAsm. Therefore, if you have requested a proposal but do not want our representation, then you are not entitled to the uncoded version. You should ask your current agent if he or she is able to prepare this kind of analysis for you.
I am a sole proprietor. What type of benefits can I get through my business?
Under Colorado law, a group medical insurance plan can be established for businesses with as few as one employee - including sole proprietorships - at competitive rates. Under Federal law, a tax-qualified pension plan can also be established for businesses with as few as one employee. So even if you have a small business, you can enjoy many of the same benefits that larger companies do.
We are a very small company and have been turned down for medical insurance on numerous occasions. Is there anything available for us?
Under Colorado law, every insurance carrier that offers group insurance to small businesses must issue a Basic or Standard health plan upon the request of any small business at a rate that is competitive with the other plans that they offer.
If I switch my medical insurance over to another company, will I have to satisfy another pre-existing condition clause?
No!! In Colorado, anyone who replaces medical insurance (but has no more than a 90-day gap in coverage) MUST be given credit for having previously satisfied any pre-existing condition clause.
I have 8 employees plus myself. I want to set up a tax-qualified pension plan for my business, but none of my employees want to participate. What do I do?
Under the Savings Incentive Match Plan for Employees (SIMPLE), which became effective January 1, 1997, you can establish a SIMPLE IRA or a 401(k) regardless of how many employees participate.
We have a high turnover rate in my business. Will this adversely affect our employee benefits?
Not at all! All employee benefit participation requirements are based on eligibility. If the employee does not work long enough to become eligible, there is no impact on your plan(s).
Colorado Agency License #RPA00045298
Securities offered through
Colorado Financial Services Corp (Member FINRA, SIPC)
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