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Friday, 13 September 2019 13:36

Colorado Reinsurance Program Approved for 2020 Implementation

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Colorado’s reinsurance program received federal approval this summer. We first reported on the program in April while the proposal was being debated in the Colorado legislature.

Now that the program is approved (https://www.cpr.org/2019/07/31/polis-celebrates-colorados-new-reinsurance-program-which-could-lower-premiums-in-the-future/) for the 2020 and 2021 plan years, here are a few things to keep in mind:

Colorado joins eleven other states which now have similar programs on the books and is one of 5 states to be approved this year. Programs that also received approval this summer are in Delaware, Montana North Dakota, and Rhode Island (https://www.kff.org/health-reform/fact-sheet/tracking-section-1332-state-innovation-waivers/). 

Fall River will continue to keep an eye on how the reinsurance program impacts the individual insurance marketplace as 2020 rates are released. Feel free to reach out to us if you’d like more information!

Read 1420 times Last modified on Monday, 14 September 2020 10:38