May 21, 2019

Legislation: Governor Signs HB 10-1242, Health Insurance Carrier Bill, into Law

Gov. Bill Ritter yesterday signed into law HB 10-1242 as part of the state’s health care reform initiative.

The bill requires all insurance carriers to use a uniform insurance application for applicants to complete when they apply for individual health insurance coverage. In the past, consumers completed a separate, and often lengthy and detailed, application for each insurance company whose coverage they hoped to obtain. With the passage of HB 10-1242, consumers will complete a single application that is accepted by all insurance carriers to whom they submit the form, thus drastically reducing the amount of paperwork that consumers must complete.

According to a press release from the governor’s office, Rep. Dennis Apuan (D-Colorado Springs) remarked:

This bill was created with the consumer in mind. By having one master application, we are helping consumers choose the best carrier for their needs by being able to easily compare prices and offerings. We are saving consumers’ time while promoting healthy competition among businesses. Are you tired of filling out multiple forms as you look for insurance? It is time for us to tell consumers that yes; there is finally an app for that!

HB 10-1242 was co-sponsored by Sen. Lois Tochtrop (D-Thornton). The standardized insurance applications will come into use on January 1, 2012.

For more details about the bill, see here.

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