The Division is seeking informal comments on the following DRAFT proposed new bulletin:
Passage of the American Rescue Plan Act of 2021(ARP) significantly expands and increases individuals’ eligibility for advance premium tax credits (APTC) when they enroll in a health benefit plan through the Exchange. Individuals currently enrolled in a health benefit plan may qualify for increased APTC based on the ARP. However, such individuals may be concerned that enrolling in a new health benefit plan will jeopardize any deductible and maximum out-of-pocket amounts they have already accumulated in 2021, and therefore diminish or eliminate the financial incentive created by the ARP to enroll in a new health benefit plan during the SEP.
The purpose of this bulletin is to clarify the Division’s position regarding carriers’ treatment of any deductible and maximum out-of-pocket accumulations when an individual already enrolled in a health benefit plan chooses to enroll in a new health benefit plan through the Exchange during the SEP. It is imperative for the wellbeing of Coloradans that barriers to enrollment in a new on-Exchange health benefit plan be mitigated as much as possible.
The Division is requesting informal comments be submitted to DORA_INS_RulesandRecords@state.co.us no later than 5 PM, April 28, 2021.
This draft bulletin, as well as other draft bulletins currently released for informal public comment, can be found on our page for Draft Regulations and Bulletins for Informal Comments.