HB 24-1258

  • Colorado House Bill
  • 2024 Regular Session
  • Introduced in House Feb 21, 2024
  • Passed House Feb 20, 2024
  • Passed Senate Apr 18, 2024
  • Signed by Governor Jun 03, 2024

Credit Covered Person Expenses Insurer Insolvency

Abstract

For small group and individual health benefit plans, if an individual who is entitled to receive benefits or services under a health benefit plan has incurred a covered person has paid any out-of-pocket expenses including payments for a deductible or other coinsurance amount, under the health benefit plan during a plan year, and the individual's health insurance carrier exits the health insurance market and can no longer provide coverage health insurance benefits to the individual, the bill requires the individual's new health insurance carrier to credit all of the out-of-pocket expenses paid by the individual in accordance with the original health benefit plan in the given plan year to the new health benefit plan if the individual enrolls in the new health benefit plan in the established special enrollment period. The new health insurance carrier may file a claim for the amount of any claims liability that results from the new costs to the carrier; except that a claim may not be filed with the estate of the new carrier. The bill grants an exception for carriers from crediting the out-of-pocket expenses if doing so would make the carrier insolvent. The bill grants rule-making authority to the commissioner of insurance. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (3)

Votes


Actions


Jun 03, 2024

Office of the Governor

Governor Signed

May 29, 2024

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

House

Signed by the Speaker of the House

Apr 19, 2024

House

House Considered Senate Amendments - Result was to Concur - Repass

Apr 18, 2024

Senate

Senate Third Reading Passed - No Amendments

Apr 17, 2024

Senate

Senate Second Reading Passed with Amendments - Floor

Apr 16, 2024

Senate

Senate Second Reading Laid Over to 04/17/2024 - No Amendments

Apr 12, 2024

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

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

Mar 20, 2024

Senate

Senate Committee on Health & Human Services Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Health & Human Services

Feb 21, 2024

Senate

Introduced In Senate - Assigned to Health & Human Services

  • Introduction
Health & Human Services

Feb 20, 2024

House

House Third Reading Passed - No Amendments

Feb 16, 2024

House

House Second Reading Special Order - Passed with Amendments - Committee

House

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

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

Feb 14, 2024

House

House Committee on Health & Human Services Refer Amended to Appropriations

  • Referral-Committee
Appropriations Health & Human Services

Feb 13, 2024

House

Introduced In House - Assigned to Health & Human Services

  • Introduction
Health & Human Services

Bill Text

Bill Text Versions Format
Signed Act (06/03/2024) PDF
Final Act (05/29/2024) PDF
Rerevised (04/18/2024) PDF
Revised (04/17/2024) PDF
Reengrossed (02/20/2024) PDF
Engrossed (02/16/2024) PDF
Introduced (02/13/2024) PDF
PA1 (02/16/2024) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/09/2024) PDF
Fiscal Note FN1 (02/13/2024) 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.