HB 13-1245 Summary

• Establishes special fees assessed against insurers to fund the Colorado Health Benefit Exchange, effective January 1, 2014, capped at $1.80 per life insured per month (18 cents for dental plans) through December 31, 2016.

• Creates a tax credit for insurance companies contributing to the exchange, allowing up to $5 million in premium tax credits annually against taxes imposed under sections 10-3-209 and 10-6-128.

• Authorizes the State Treasurer to transmit $15 million from the unclaimed property trust fund to the exchange on July 1, 2013 (with the provision repealed effective July 1, 2014).

• Allows the board to create a separate program sharing resources with the exchange to offer ancillary products and to contract with the Department of Personnel and Administration for administrative law judges to hear exchange eligibility determinations.

• Grants the exchange exemption from state and local taxation and requires the board to send annual financial and operational reports to the legislative health benefit exchange implementation review committee.