HB 18-1311

House Bill 18-1311, which has been signed into law, changes how health insurance companies set rates for individual health plans in Colorado. Starting from January 1, 2019, insurers can no longer consider where a person lives when determining their insurance costs. This means that everyone in the state will pay similar rates regardless of location, creating a single statewide pricing area for individual health plans. The law affects all individuals purchasing individual health insurance plans in Colorado and aims to make healthcare more affordable and accessible across different regions of the state.

Official Summary

Under current law, health insurers are permitted to consider the geographic location of the policyholder when establishing health insurance rates for individual and group insurance plans. For an individual health plan issued, amended, or renewed on or after January 1, 2019, the bill prohibits a health insurer from considering the geographic location of the policyholder when establishing rates for the plan, thereby creating a single geographic rating area consisting of the entire state for purposes of all individual health benefit plans.(Note: This summary applies to this bill as introduced.) , Read More