COVERED EMPLOYEES - COLORADO “Covered Individual” means any person who: • Earned at least $2,500 in wages subject to premiums during the base period • Base period: first 4 of the last 5 completed calendar quarters immediately preceding the first day of the individual's benefit year • Alternative base period: last 4 completed calendar quarters immediately preceding the benefit year OR • Elects coverage for a minimum of 3 years (e.g., self-employed, sole proprietor, independent contractor, employees of local governments that have opted out of coverage, etc.) This document is strictly private, confidential and personal to its recipients and should not be copied, distributed or reproduced in whole or in part, nor passed to any third party // 25