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Standardized Health Benefit Plan

Concerning changes to the "Colorado Standardized Health Benefit Plan Act".
2023 Regular Session
Bill Summary

The bill makes changes to the "Colorado Standardized Health Benefit Plan Act" to:

  • Require the Colorado health benefit exchange (exchange), with the consent of the commissioner of insurance (commissioner), to develop a format for displaying the standardized plans on the exchange;
  • Grant the commissioner 120 days to review the rate filings for standardized plans instead of the current 60 days;
  • Require a carrier to notify the commissioner of the steps the carrier will take to meet premium rate requirements if the carrier is unable to offer a standardized plan;
  • Make changes to the requirements for public hearings held by the commissioner for carriers who are unable to offer the standardized plan; and
  • Specify that decisions of the commissioner are final agency actions subject to judicial review in the court of appeals.
    (Note: This summary applies to this bill as introduced.)


Became Law


Bill Text

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