HB 18-1205

  • Colorado House Bill
  • 2018 Regular Session
  • Introduced in House Apr 25, 2018
  • Passed House Apr 25, 2018
  • Senate
  • Governor

Financial Relief Defray Individual Health Plan Costs

Abstract

The bill creates a financial relief program, available from July 1, 2018, through December 31, 2019, to provide financial assistance to individuals and their families who reside in a county within one of the 3 most costly geographic insurance rating areas of the state and who spend more than 20% of their household income on individual health insurance premiums. The Colorado health benefit exchange (exchange) is to oversee the program, and counties may elect to administer the program in their counties. For any county that opts not to administer the program, the exchange is to administer the program in that county. Financial relief is available to individuals and families determined eligible based on the following: The individual or family enrolled in and paid premiums for a bronze, silver, or gold level individual health benefit plan purchased through the exchange; The individual or family has a household income of more than 400%, but not more than 500%, of the federal poverty line; The individual or family does not have access to a government-sponsored program, such as medicaid or medicare, or an affordable employer-sponsored plan; and The individual or family pays more than 20% of the household income on premiums for the plan. The exchange is to certify that an individual or family has enrolled in one of the specified health benefit plans, the premium amount of the plan, the household income of the individual or family, and that the individual or family does not have access to a government-sponsored program or employer-sponsored plan. The amount of financial relief is calculated based on the cost of the premium for the lowest-cost bronze health benefit plan available to the individual or family through the exchange, minus an amount equal to 20% of the individual's or family's household income. The general assembly is to appropriate not more than $6 million from the general fund to provide financial assistance to individuals who qualify under the program. A carrier offering individual health benefit plans on the exchange must permit an individual to purchase an individual health benefit plan on the exchange during a special enrollment period that begins June 1, 2018, and ends August 1, 2018, for plans effective through December 31, 2018. For the 2019 plan year, individuals are subject to the standard open enrollment period specified in law. The program repeals on September 1, 2020, unless congress enacts and the president signs legislation repealing the advance premium tax credit authorized under federal law, in which case the program repeals upon the date of the repeal of said tax credit. $6,000,000 is appropriated from the general fund to the department of health care policy and financing for use by the exchange, which is commonly referred to as 'Connect for Health Colorado', to implement the bill. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Bill Sponsors (2)

Votes


Apr 25, 2018

Actions


May 03, 2018

Senate

Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely

State, Veterans, & Military Affairs

Apr 25, 2018

Senate

Introduced In Senate - Assigned to State, Veterans, & Military Affairs

  • Introduction
State, Veterans, & Military Affairs

House

House Third Reading Passed - No Amendments

Apr 24, 2018

House

House Second Reading Special Order - Passed with Amendments - Committee

Apr 23, 2018

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Referral-Committee
  • Committee-Passage
House Committee of the Whole Appropriations

Mar 08, 2018

House

House Committee on Health, Insurance, & Environment Refer Unamended to Appropriations

  • Referral-Committee
Health, Insurance, & Environment Appropriations

Feb 05, 2018

House

Introduced In House - Assigned to Health, Insurance, & Environment + Appropriations

  • Introduction
Health, Insurance, & Environment Appropriations

Bill Text

Bill Text Versions Format
Committee Amendment PDF
PA1 (04/24/2018) PDF
Introduced (02/05/2018) PDF
Engrossed (04/24/2018) PDF
Reengrossed (04/25/2018) PDF

Related Documents

Document Format
Fiscal Note SA1 (04/23/2018) PDF
Fiscal Note FN1 (02/28/2018) PDF
Fiscal Note FN2 (08/15/2018) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.