Colorado Bills relating to insurance
Thursday, March 4, 2010 at 7:46AM | Landon Balding 
The Colorado House is considering several bills that could make changes to your current and future insurance polices. It should come as no surprise that several of the bills are related to health insurance coverage.
House Bill 10-1008 would prohibit health insurance companies from using gender as a basis for varying premium rates for individual health insurance policies and declares premium rates based on gender to be unfairly discriminatory.
The Colorado House is considering House Bill 10-1004 that would require the commissioner of insurance to adopt rules establishing standard formats for policy forms and explanation of benefit forms provided by health insurance carriers to consumers. The bill obligates the commissioner to seek input from the health insurance industry, consumers, and other stakeholders prior to adopting the rules. The bill requires health insurance companies to comply with the standard format requirements starting July 1, 2011.
The Colorado House is considering a bill, House Bill 10-1066, that would require certain insurance policies be written at or below the tenth-grade reading level. The bill requires that automobile insurance polices, health benefit plans, limited benefit health insurance, dental plans, and long-term care plans be written at or below the tenth-grade reading level. According to the bill summary, current law does not require any readability level. The bill also requires that the text of the policies and plans will be written in 12-point type or larger and will contain an index or table of contents if they are longer than 3 pages or 3,000 words. If the bill passes, it will go into effect for all policies and plans that are issued or renewed on or after July 1, 2011.
House Bill 10-1202 requires a health benefit plan that covers cancer chemotherapy treatment to provide coverage for prescribed, orally administered anticancer medication at a cost to the patient at the same copayment percentage or relative coinsurance amount as is applied to the cost of other cancer medications.
House Bill 10-1203 is a bill for an act concerning group life insurance requirements. Current law establishes the minimum number of persons that must be covered by a group life insurance policy. The current minimum number of persons required to be covered is 3. This bill deletes the minimum number requirement.
More information regarding these bills and other bills of interest that could effect your insurance coverages are available from the Colorado General Assembly Web site.
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