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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

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

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
Is this rule adopted in response to recent legislation? No
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

Adopted rule

Adopted Rules AdoptedRules12020-00911.doc
Redline Redline2020-00911.doc
Adopted Date 01/11/2021
AGO requested date 01/19/2021
Attorney General Opinion 01/22/2021
Colorado Register publication date 02/10/2021
Effective Date 03/15/2021
Inserted into CCR 03/19/2021