HB 15-1066 Summary

• Repeals the "Colorado Health Benefit Exchange Act" effective January 1, 2016, eliminating the state health benefit exchange and its board of directors.

• Requires the exchange board to transfer any unencumbered moneys remaining in the exchange to the state treasurer by December 31, 2015, with those funds transferred to the general fund.

• Removes references to the Colorado health benefit exchange from insurance regulations and enrollment procedures, including special enrollment period rules and rate-filing requirements.

• Modifies the CoverColorado program to clarify that loss of coverage qualifies individuals for special enrollment in health plans without reference to the exchange.

• Takes effect August 5, 2015, unless subject to a referendum petition filed within 90 days of final adjournment, in which case approval at the November 2016 general election is required.