HB 26-1241

HB 26-1241 is a Colorado bill that requires health insurance companies to notify healthcare providers twice via standard electronic means when there's going to be a significant change in their contract. If the provider doesn't respond, the company must send another notice by registered mail and email or deliver it personally. This ensures healthcare providers are well-informed about any changes affecting them at least 90 days before they take effect. The bill has been signed into law, meaning health insurance companies must now follow these new notification rules when making material contract changes.

Official Summary

In current law concerning contracts with health-care providers, an entity wishing to make a material change to such a contract must provide written notice of the change to the health-care provider (provider) at least 90 days before the effective date of the change. The bill adds language requiring a person to give such written notice two separate times by standard electronic means and, if the provider has not affirmatively responded, a third time by registered mail and by email or personal service to the health-care provider or administrator who signed the contract. and The bill adds a reference to this language in the area of the Colorado Revised Statutes concerning health-care insurance carriers.(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.)

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