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Bill Detail: HB22-1269

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Title Health-care Sharing Plan Reporting Requirements
Status Signed by the Speaker of the House (06/01/2022)
Bill Subjects
  • Health Care & Health Insurance
House Sponsors S. Lontine (D)
Senate Sponsors C. Hansen (D)
House Committee Health and Insurance
Senate Committee Business, Labor and Technology
Date Introduced 02/25/2022

Starting October 1, 2022, and by each March 1 thereafter, the bill
requires any person that is not authorized to engage in the business of
insurance in this state but that offers or intends to offer a plan or
arrangement to facilitate payment of or to cover health-care costs or
services for Colorado residents to annually submit to the commissioner

of insurance (commissioner) specified information and a certification that
the information is accurate and complies with the requirements of the bill.
The submission must include information about the operation of the plan
or arrangement in the immediately preceding calendar year, including:
  • The number of participants in the plan or arrangement;
  • The total amount of fees, dues, or other payments collected
from participants and the percentage of fees, dues, or other
payments that the person retained;
  • The total amount of payments made to providers or to
reimburse participants for health-care services provided or
  • The estimated number of participants the person anticipates
in the next calendar year;
  • The counties in which the person offers or intends to offer
a plan or arrangement and any other states in which the
person offers a plan or arrangement;
  • A list of third parties associated with, or offering or
enrolling participants in a plan or arrangement on behalf of,
the person and a detailed accounting of commissions or
other remuneration paid to a third party for services
provided in promoting or administering the plan or
  • The person's reserve balance; and
  • Contact information for an individual serving as the
person's contact person in this state, a list of the person's
officers and directors, and the person's organizational chart.
Within 45 days after receipt, the commissioner is to determine
whether a submission by a person is complete. Each year, the
commissioner is to compile a report summarizing the information
submitted by persons, post the report on the division of insurance website,
and submit the report to specified legislative committees. The
commissioner is authorized to adopt rules to implement the bill and to
issue an emergency cease-and-desist order against a person that fails to
comply with the requirements of the bill.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/28/2022) (most recent)  
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