Limited Benefit Plans in Colorado Get Green Light
House Bill 1143, a Bill that would allow HMOs in Colorado to offer limited benefit plans, received bi-partisan support from the house on Tuesday. Although the Bill doesn’t specifically lay out what the limited benefit structure would be but Republican Spenser Swalm as well as other supporters believe benefits would be capped in the $30,000 to $50,000 range, and the health plans would be required to maintain coverage for state mandated health benefits.
Speculation is that premiums for these limited benefit plans would be 20-35% less than full coverage
The Bill received final house approval following a 40-25 vote. Approval from the senate is still required, and is the next step in the process.
