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HB23-1224

Standardized Health Benefit Plan

Concerning changes to the "Colorado Standardized Health Benefit Plan Act".
Session:
2023 Regular Session
Subject:
Insurance
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.)

Status

Introduced
Passed
Became Law

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Bill Text

Email addresses for the Colorado legislature have changed from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details