Bill > HB1014

This bill aims to modify how the Health Insurance Affordability Board allocates funds starting July 1, 2026, with a focus on supporting documented Colorado residents and addressing health insurance affordability. The bill requires the board to prioritize reducing health coverage plan premium increases and preventing the loss of health coverage plans for individuals in the individual market who cannot purchase plans through the exchange. Additionally, the board must evaluate the costs of state-subsidized individual health coverage plans, compare these costs to initial estimates, and prioritize reducing premiums for documented residents. The board will be required to publish a detailed report on the Colorado Division of Insurance website, outlining estimated and actual costs of each state-subsidized health coverage plan. Furthermore, the commissioner must present these evaluations, cost comparisons, and fund allocation details to the General Assembly during the 2027 legislative session as part of the "SMART Act" presentation. The legislative declaration emphasizes the importance of supporting tax-paying Coloradans and protecting vulnerable communities by strategically allocating health insurance affordability revenues.

Health and Social Services

https://leg.colorado.gov/bills/hb25b-1014