State Coverage Option for Individuals

On October 7, 2019, the Colorado Division of Insurance and the Colorado Department of Health Care Policy and Financing issued a draft report on the development of a state option for affordable health insurance coverage, as required by the Colorado General Assembly’s legislation HB19-1004. The state option would be administered by insurance companies and sold on the individual market but will scale up to the small group market over time. The proposed state option will cover all essential health benefits, many services will be pre-deductible, and average monthly premiums would be reduced by paying hospitals less. The agencies are accepting written comments on draft report until October 25, 2019. For now, there is nothing for Colorado employers to do; but employers with smaller plans will want to follow this development, as it could potentially impact small group options in Colorado.

Draft Report »
Comment Process Information »
HB19-1004 »