Enforcing premium reductions
Carriers operating in the Colorado individual and small group markets must offer a Colorado Option Standardized Plan (“CO Option Plan”) at the bronze, silver, and gold metal levels in counties where they offer non-CO Option Plans. A carrier must file CO Option Plan premium rates with the Commissioner of Insurance at reduced premiums consistent with the premium rate reduction requirements in § 10-16-1305(2), C.R.S. If a carrier cannot reduce premiums for consumers, the Commissioner of Insurance may hold a public hearing.
Click on the image to the left or the button below to learn more about the Colorado Option Public Hearing process.
Public Hearings for CO Option Plans that fail to meet the premium rate reduction and network adequacy requirements will be held by the Commissioner during the Summer of 2023 for the 2024 plan year. This webpage will allow stakeholders to access the public hearing schedule and related documents, as they become available.
|Public Hearing FAQ||Public Hearing Documents|
Proposed Hearing Schedule
Below are the proposed hearing schedules for carriers operating in the individual and small group markets in Colorado for plan year 2024. A Notice with Proposed Hearing Dates was sent on January 13, 2023.
Hearings may be held virtually, in-person, or in a hybrid manner with virtual and in-person options. A Final Notice of Hearing will be sent to all Parties at least 30 (thirty) days prior to the final hearing date. Final hearing dates will be updated on this webpage, once available.
|Individual Market Documents||Small Group Market Documents|
- Public Hearing Process Regulation (4-2-92)
- Hospital/Provider Reimbursement Rate Setting Regulation (4-2-91)
- Carrier Premium Rate Reduction Filing Instructions and Templates can be found on the Division's Industry Webpage