Request for Comment on DRAFT Proposed New Bulletin B-4.1XX Concerning the Pricing Actuarial Value Adjustment for the Premium Rate Reduction Requirements on the Colorado Option Standardized Health Benefit Plans

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The Division is seeking informal comments on the following DRAFT proposed new bulletin:

The purpose of this bulletin is to provide carriers with additional guidance related to Pricing Actuarial Value (AV) adjustments to comply with the premium rate requirements of the Colorado Option Standardized Plans pursuant to Colorado Insurance Emergency Regulation 22-E-05. 

This Bulletin is intended for all carriers issuing small group and individual health benefit plans in the state of Colorado. Starting in the 2023 benefit year, carriers in the individual and small group markets are required to offer a Colorado Option Standardized Plan in each county where they currently offer individual and small group health benefit plans, at a reduced premium compared to 2021 rates.

The Division is requesting informal comments be submitted no later than 5 PM, April 5, 2022, to DORA_INS_RulesandRecords@state.co.us.

This draft regulation, as well as other draft regulations currently released for informal public comment, can be found on our page for Draft Regulations and Bulletins for Informal Comments.

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