Colorado Option Public Hearings

Enforcing premium reductions

What is the purpose of a Colorado Option public hearing?

The Colorado Option (established by HB21-1232) is a market-based solution with mechanisms to hold carriers, health-care providers, and hospitals accountable for reducing the cost of health insurance for consumers purchasing health benefit plans in the individual and small group markets. 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. On March 1 each year, a carrier must file CO Option Plan premium rates with the Commissioner of Insurance 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.

When do public hearings occur?

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 2025 for the 2026 plan year.

Where can I find more information?

This webpage will allow stakeholders to view health insurance carriers’ Premium Rate Reduction filings and related documents, as they become available. The proposed hearing schedule will be posted at the bottom of this page.

New - Division of Insurance Final Status Update

The Division of Insurance (“Division”) through its counsel, the Colorado Attorney General’s Office, pursuant to Colorado Insurance Regulation 4-2-92 Section 10.E and the Commissioner of Insurance’s Request for a Status Update, submits this Final Status Update.

Division of Insurance Final Status Update

Request for Status Update

To allow orderly progression of the public hearing proceedings and ensure timely conclusion of the process, the Commissioner requests the Division to file a status update by May 30, 2025, regarding its intent to file complaints against Individual or Small Group Market Carriers and the date by which the Division expects to file complaints, if any.

Request for Status Update

Notice to Vacate June 2, 2025 to June 27, 2025 Hearing Dates

Pending rescheduling as needed, the Commissioner vacates the proposed hearing dates scheduled between June 2, 2025 and June 27, 2025. The rest of the proposed hearing dates remain as scheduled until further notice by the Commissioner.

Notice to Vacate Hearing Dates

Division of Insurance Status Update

The Division of Insurance through its counsel, the Colorado Attorney General’s Office, and pursuant to Colorado Insurance Regulation 4-2-92 Section 10.E, submits this Status Update to the Commissioner of Insurance.

Division of Insurance Status Update

Proposed Hearing Schedule

Below are the proposed hearing schedules for carriers operating in the individual and small group markets in Colorado for plan year 2026. A Notice of Proposed Public Hearing Dates was posted on January 10, 2025.

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 15 (fifteen) days prior to the final hearing date. Final hearing dates will be updated on this webpage, once available.