Notice relating to insurance company tax credits for contributions to the Colorado health benefit exchange

The Division of Insurance provides the following notice relating to insurance company tax credits for contributions to the Colorado health benefit exchange pursuant to section 10-22-110, C.R.S. As of September 1, 2022, the tax credits allocated by the Commissioner of Insurance for tax year 2022 are less than the full amount of tax credits eligible to be allocated. The Commissioner has allocated $5,889,743 in tax credits, and as of September 1, 2022 there are $3,110,257 in tax credits remaining to be allocated. Insurance companies may declare their intent to contribute to the Colorado health benefit exchange pursuant to section 10-22-110(4)(c), C.R.S, with their quarterly tax payments due October 31, 2022.

What's New for Plan Year 2024

Colorado Option News: During the Summer of 2023, the Division will hold public hearings for the premium rate reduction requirements on CO Option Standardized Plans. To learn more about the public hearings click here. A link to the CO Option homepage is below under the "Health Insurance Initiatives" and "CO Option." All templates, forms, and guidance for the CO Option annual filings will remain on this page under the appropriate filing type below (e.g. rates, binders, network adequacy).

Public Hearing Page: https://doi.colorado.gov/insurance-products/health-insurance/health-insurance-initiatives/colorado-option/colorado-option

All templates, forms, and guidance for the CO Option annual filings will remain on this page under the appropriate filing type below (e.g. rates, binders, network adequacy).

A Behavioral Health Program page is coming soon! Find out more at the banner below titled "Health Insurance Initiatives" and select the link for "Behavioral Health Program."