Health-insurance broker acquires clients
Last Updated: 16:18 November 25, 2013
Mallon, who founded Colorado Affordable Health in Boulder in 2002, sold Colorado Affordable Health to Eric Smith, president of Colorado Health Brokers.
The acquisition consisted of Smith buying Mallon's list of clients for an undisclosed amount. Colorado Health Brokers will now serve 1,100 clients and take over Mallon's office space at 2222 14th St. in Boulder. Smith will man the office himself, and he has one employee who will work remotely, he said. Smith previously had his headquarters in Wheat Ridge. Mallon could not be reached for comment.
Colorado Health Brokers' services are free to consumers. The company earns its revenue from health-insurance companies. The revenue is built into the premiums charged to health-care consumers. The company is an Anthem Premier Partner, and it also writes plans for Kaiser, Humana, Rocky Mountain Health Plans and several other providers that insure individuals who are not enrolled in an employer-sponsored plan.
"Due to the issues surrounding the Affordable Care Act, we are pleased to offer our services to health-care consumers in Boulder and throughout Colorado," Smith said. Many health-care consumers are confused about the new health-care law and what's available to them, but that's where we can help."
Smith recently was hired by the state of Colorado to train agents on the nuances of the Affordable Care Act.
Smith can be reached at 303-523-7650.
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