summary
Introduced
01/22/2024
01/22/2024
In Committee
03/19/2024
03/19/2024
Crossed Over
04/22/2024
04/22/2024
Passed
04/22/2024
04/22/2024
Dead
Signed/Enacted/Adopted
05/01/2024
05/01/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING A CHANGE TO THE MAXIMUM NUMBER OF EMPLOYEES THAT AN EMPLOYER MAY EMPLOY TO QUALIFY AS A SMALL EMPLOYER FOR HEALTH-CARE INSURANCE COVERAGE.
AI Summary
This bill changes the maximum number of employees that an employer may have to qualify as a "small employer" for the purposes of health insurance coverage in Colorado. Specifically, it reduces the threshold from 100 employees to 50 employees, with a transitional period allowing certain employers with 51-100 employees to remain in the small group market for up to 5 years. The bill also requires insurance carriers to submit rate filings demonstrating the impact of this change, and provides for the repeal of the new provisions if the rate filings show premiums would increase by more than 3% for the majority of individuals covered by small group plans.
Committee Categories
Health and Social Services
Sponsors (28)
Robert Rodriguez (D)*,
Jim Smallwood (R)*,
Brianna Titone (D)*,
Elizabeth Velasco (D)*,
Jennifer Bacon (D),
Shannon Bird (D),
Jeff Bridges (D),
Janet Buckner (D),
Chad Clifford (D),
Lisa Cutter (D),
Monica Duran (D),
Elisabeth Epps (D),
Tony Exum (D),
Joann Ginal (D),
Chris Hansen (D),
Tim Hernández (D),
Leslie Herod (D),
Iman Jodeh (D),
Barbara Kirkmeyer (R),
Sheila Lieder (D),
Mandy Lindsay (D),
Paul Lundeen (R),
Javier Mabrey (D),
Bob Marshall (D),
Kyle Mullica (D),
Kevin Priola (D),
Emily Sirota (D),
Kevin Van Winkle (R),
Last Action
Governor Signed (on 05/01/2024)
Official Document
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