CO HB1151

Requires Colorado's arbitration process for out-of-network emergency services claims to include a batching process, allowing multiple claims to be considered jointly under a single arbitration fee, aligned with federal No Surprises Act requirements

Mandates the Commissioner of Insurance adopt rules specifying information carriers must provide to providers with initial claim payments, including network adequacy data and whether services were in-network or out-of-network

Requires carriers to disclose claims adjustment reason codes and remittance advice remark codes using the federal EDI 835 electronic payment format with each initial payment

Requires all health plans and carriers to use one of two specific remittance codes (N871 or N859) to identify whether state or federal rules apply to each claim

Commissioner must annually report on batching process usage to the legislature as part of SMART Government Act hearings