The act requires the board of directors (board) of the Colorado health benefit exchange (exchange) to create and implement a consumer outreach campaign (campaign) to educate consumers regarding options for health-care coverage.
To pay for the campaign, the amount of the tax credits that the commissioner of insurance is allowed to allocate to insurers that contribute to the exchange increases from $5 million to $9 million for a 6-year period.
The board is required to annually report its progress and accounting to the Colorado health insurance exchange oversight committee at the committee's first meeting of the calendar year starting in 2024. The requirements of the act repeal on December 31, 2028.
(Note: This summary applies to this bill as enacted.)