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Code of Colorado Regulations eDocket
Details of Tracking Number
2020-00911
CCR details
| Tracking Number |
2020-00911 |
| Type of Filing |
Permanent Rule |
| Department |
700 Department of Regulatory Agencies |
| Agency |
702 Division of Insurance |
| CCR Number |
3 CCR 702-4 Series 4-3 |
| CCR Title |
LIFE, ACCIDENT AND HEALTH, Series 4-3 Medicare |
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Proposed rule
| Notice Filed with SOS |
11/30/2020 |
| Rule |
ProposedRuleAttach2020-00911.doc |
| Statutory Authority |
§§ 10-18-103(2), 10-18-104, 10-18-106 and 10-1-109, C.R.S. |
| Description of Subjects/Issues |
The purpose of this regulation is to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies; to facilitate public understanding and comparison of such policies; to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; to provide for full disclosure in the sale of accident and sickness insurance coverage to persons eligible for Medicare; and to comply with the mandate of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) which prohibit the sale of Medicare supplement benefit policies that cover Medicare Part B deductibles to “newly eligible” Medicare beneficiaries defined as those individuals who become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1, 2020. |
| Purpose/Objective of Rule |
The purpose of this regulation is to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies; to facilitate public understanding and comparison of such policies; to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; to provide for full disclosure in the sale of accident and sickness insurance coverage to persons eligible for Medicare; and to comply with the mandate of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) which prohibit the sale of Medicare supplement benefit policies that cover Medicare Part B deductibles to “newly eligible” Medicare beneficiaries defined as those individuals who become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1, 2020.
This regulation replaces Colorado Insurance Emergency Regulation 20-E-14 in its entirety. |
| Comments |
Due to concerns with the spread of COVID-19, this Permanent RulemakingHearing will be held via WEBINAR ONLY, unless the COVID-19 State ofEmergency is lifted by the date of the hearing. Please click on the link below orvisit the Division of Insurance's website on the Notice of RulemakingHearings/Proposed Regulations" page, which is located under the link to "Statutes,Regulations and Bulletins" found on the main page.https://www.colorado.gov/pacific/dora/notice-rule-making-hearings-proposed-regulations Please register here to attend the hearing via webinar:https://attendee.gotowebinar.com/register/644403285646661647 Webinar ID: 365-933-803 After registering, you will receive a confirmation email containinginformation about joining the webinar. Participants can use their telephone orcomputer mic & speakers (VoIP). UNITED STATES +1 (631) 992-3221 AUDIOPIN: 993-533-652 |
| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
No
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| Hearing Date |
01/05/2021 |
| Hearing Time |
10:00 AM |
| Hearing Location |
Webinar or 1560 Broadway, Suite 110D, Denver, CO 80202 |
| Contact Name |
Christine Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
3038942157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |
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Adopted rule
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