Statement from Connect for Health Colorado
DENVER – Last Thursday, Connect for Health Colorado’s Board of Directors took a support position on House Bill 24-1258 Credit Covered Person Expenses Insurer Insolvency. This bill will require a covered individual’s new health insurance company to credit out-of-pocket expenses paid if their current health insurance company leaves the market mid-plan year and can no longer provide coverage. This bill also provides methods for health insurance companies to recoup any expenses and increase in claims liability because of crediting out-of-pocket expenses. Connect for Health Colorado has released the following statement:
“As the official health insurance marketplace for Coloradans, it’s our mission to increase access, affordability, and choice. HB24-1258 directly furthers that mission for customers needing new coverage in the event of a mid-year market exit, which we’ve seen a couple of times in the past few years. This bill will protect customers’ health and finances as they attain new coverage for their health care needs without worrying about resetting deductibles and out-of-pocket maximums. For those reasons, Connect for Health Colorado supports House Bill 24-1258.”
House Bill 24-1258 has passed the House and is currently awaiting debate and vote in the Senate.
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Media Contact
Mónica Caballeros, Connect for Health Colorado, [email protected], 720-576-7995
About Connect for Health Colorado
Connect for Health Colorado is a public, non-profit entity established by the Colorado General Assembly in 2011 to create a health insurance Marketplace. Since 2013, we’ve been helping individuals, families and small employers compare plans, apply for financial help and buy health insurance. As Colorado’s official health insurance marketplace, we are the only place to apply for financial help to lower the monthly cost of premiums. Customers can shop online; get help by phone or online chat from Customer Service Center representatives; and access expert help from a statewide network of certified Brokers and community-based Assisters. For more information: ConnectforHealthCO.com
