CO SB237

Requires health insurers to cover emergency services provided by out-of-network providers or at out-of-network facilities at the same in-network benefit level and cost-sharing rates as in-network services.

Mandates health care facilities, carriers, and providers develop and provide written disclosures to consumers by January 1, 2019 about potential effects of receiving nonemergency services from out-of-network providers or emergency services at out-of-network facilities.

Directs the Commissioner of Insurance, State Board of Health, and Director of Division of Professions and Occupations to adopt rules specifying disclosure requirements regarding timing, format, content, and consistent plain language terminology.

Requires out-of-network providers and facilities to refund overpayments to patients within 45 calendar days of notice, with interest accruing at 10 percent per annum if refund is not timely made, and requires automatic inclusion of accrued interest in refunds without consumer request.