Emergency Regulation Establishes SEP for State Exchange

Effective February 5, 2021, the Division of Insurance adopted Emergency Regulation 21-E-02. This emergency regulation establishes a SEP for the state’s health insurance exchange, Connect for Health Colorado. The SEP begins on February 8, 2021, and extends through May 15, 2021.

While the creation of the SEP will affect individuals that will enroll on the marketplace, employers should be mindful of this extension in case there are employees who seek to drop coverage under their plans to take advantage of the SEP. Specifically, the permissible qualifying event for a revocation due to enrollment in a qualified plan will allow an employee to drop their employer’s plan mid-year if they intend to enroll in the marketplace.

Emergency Regulation 21-E-02 »