SB18-132 - 1332 State Waiver Catastrophic Health Plans

Passed/Signed into Law
Concerning a waiver of federal law to permit insurance carriers to offer catastrophic health plans to any individual residing in Colorado, and, in connection therewith, making an appropriation.

The bill requires the commissioner of insurance to conduct an actuarial analysis to determine if the sale of catastrophic health plans to Colorado residents 30 years of age and older and not meeting a hardship requirement would result in a reduction in advanced premium tax credits received by Colorado residents or increase the average premiums of individual health plans. If the actuarial analysis demonstrates that there would not be a reduction in advanced premiums tax credits or an increase in average premiums of individual health plans, the commissioner shall apply to the secretary of the United States department of health and human services for a 5-year waiver of the federal law restricting catastrophic health plans offered through the Colorado health benefit exchange. The waiver, if approved, would permit the offering of catastrophic health plans to any individual residing in Colorado rather than only individuals under the age of 30 or meeting a hardship requirement. Catastrophic health plans under the waiver must only be sold through the health benefit exchange and would not be eligible for advanced premium tax credits. If the waiver is denied, the statutory section is repealed.

The bill appropriates $9,200 to the department of regulatory agencies for use by the division of insurance for personal services.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Latest update: May 3, 2018
05/03/2018 - Governor Signed
04/26/2018 - Sent to the Governor
04/26/2018 - Signed by the Speaker of the House
04/25/2018 - Signed by the President of the Senate
04/19/2018 - Senate Considered House Amendments - Result was to Concur - Repass
04/18/2018 - House Third Reading Passed - No Amendments
04/17/2018 - House Second Reading Passed with Amendments - Committee
04/12/2018 - House Second Reading Special Order - Laid Over Daily - No Amendments
04/11/2018 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
04/03/2018 - House Committee on Health, Insurance, & Environment Refer Amended to Appropriations
03/12/2018 - Introduced In House - Assigned to Health, Insurance, & Environment
03/08/2018 - Senate Third Reading Passed - No Amendments
03/06/2018 - Senate Third Reading Laid Over to 03/08/2018 - No Amendments
03/05/2018 - Senate Second Reading Passed with Amendments - Committee
03/01/2018 - Senate Second Reading Laid Over to 03/05/2018 - No Amendments
02/27/2018 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
02/15/2018 - Senate Committee on Health & Human Services Refer Amended to Appropriations
01/29/2018 - Introduced In Senate - Assigned to Health & Human Services