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HB 1224 – Colorado
Status: EnactedYear Introduced: 2023
Link: https://leg.colorado.gov/bills/hb23-1224
Concerning changes to the “Colorado Standardized Health Benefit Plan Act”. Require the Colorado health benefit exchange (exchange), with the consent of the commissioner of insurance (commissioner), to develop a format for displaying the standardized plans on the exchange; Grant the commissioner 120 days to review the rate filings for standardized plans instead of the current 60 days; Require a carrier to notify the commissioner of the steps the carrier will take to meet premium rate requirements if the carrier is unable to offer a standardized plan; Make changes to the requirements for public hearings held by the commissioner for carriers who are unable to offer the standardized plan; and Specify that decisions of the commissioner are final agency actions subject to judicial review in the court of appeals.
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