COL INS Silver Plan Metal AV Adjust

On Jul. 3, COL INS adjusted metal AV adjustment factors for 2025.

  • COL INS published Draft proposed amended regulation 4-2-83 (COL INS 3-702-4)
  • On health insurance affordability enterprise subsidies for qualified individuals through premium wrap, cost sharing reduction enhancements on Colorado Option Silver Plan.
  • Adjusted Metal AV Adjustment factors for 2025, silver base (70%), Silver 94% CSR.
  • Metal AV Adjustment Factor
  • For adjustment applied to Metal Level Silver Base (70%), update from 1.095 to 1.097.
  • Also, for the adjustment applied to Silver 94% CSR, updated from 1.013 to 1.014.
  • Consultation
  • Comments due 5 pm Jul. 12.
  • Jul. 16, 2024 COL INS Hearing Notice
  • On Jul. 16, 2024, COL INS reported a rule hearing is scheduled for Aug. 19, 2024.
  • Jul. 25, 2024 COL INS State Register
  • On Jul. 25, 2024, COL INS published proposed subsidy amendment in state register.
  • Also published notice of hearing scheduled for Aug. 19, 2024 in calendar of hearings.
  • Notice included red-lined version of the rule amendments beginning on page 118.
  • Upon adoption, updated regulation is slated to become effective as of Oct. 15, 2024.
  • Oct. 2024 COL INS Register Adoption
  • On Oct. 10, 2024, COL INS published adoption, State AG opinion, Oct. 30, 2024 effect.

Regulators COL INS
Entity Types Ins
Reference COL SR Vol. 47 No. 19, 10/10/2024; Dec. 2024-00355, 9/19/2024; COL SR Vol. 47 No. 14, 7/25/2024; Nt, 7/16/2024; RF 4-2-83, 7/3/2024; Citation: COL INS 3-702-4;
Functions Actuarial and Valuation; Compliance; Legal; Product Administration; Reporting
Countries United States of America
Category
State
Products Insurance; Insurance-Health
Regions Am
Rule Type Final
Rule Date 7/3/2024
Effective Date 10/30/2024
Rule Id 218307
Linked to N/A
Reg. Last Update 10/10/2024
Report Section US Insurance

Last substantive update on 10/15/2024