Notice of Adoption - Emergency Regulations 22-E-05 Concerning the Methodology for Calculating Premium Rate Reductions for Colorado Option Standardized Health Benefit Plans and 22-E-06 Concerning the Methodology for Calculating the Healthcare Coverage Coop

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The Division would like to provide notice that the Commissioner has adopted the following emergency regulations:

The purpose of this emergency regulation is to establish rules for the required premium reduction methodology for the Colorado Option standardized bronze, silver and gold health benefits plans to be offered by all carriers offering individual and small group health benefits plans issued or renewed on or after January 1, 2023.

The purpose of this emergency regulation is to establish rules for the required premium reduction methodology to determine whether a healthcare coverage cooperative, and a carrier offering health benefit plans under agreement with the healthcare coverage cooperative, have met the requirements of § 10-16-1306(9)(a), C.R.S.

Given that the premium rate reduction requirements for the Standardized Plan are separate from the determination of whether or not a Healthcare Coverage Cooperative (also known as a Purchasing Alliance), and a carrier offering health benefit plans under agreement with the healthcare coverage cooperative, have met the requirements of § 10-16-1306(9)(a), C.R.S., the Division has separated these requirements into two regulations for ease of ongoing implementation and enforcement.

These emergency regulation, and other Division emergency regulations, can be found on the Division's website via the following link:

Division of Insurance Emergency Regulations 

Additional information on insurance and the Marshall Fire Response can be found on the Division's Marshall Fire Response website. Emergency Regulation 22-E-03 can be found under the Health Insurance heading.

Additional information on insurance and COVID-19 can be found on the Division's COVID-19 & Insurance website. Emergency Regulation 22-E-04 can be found under the Health Insurance heading.