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Colorado Department of Insurance Changes Stance on HRAs

Written by: PeopleKeep Team
February 5, 2011 at 3:24 AM

colorado stance hrasOn November 16, 2010, the Colorado Department of Insurance issued Final Agency Order No O-11-064 which adjusts and finalizes the department's stance on health reimbursement arrangements (HRAs).

Specifically, the order:

  1. Confirms that employers of any size may establish HRAs that reimburse for individual health insurance premiums.
  2. Confirms that individual policies paid for by an employee who has an HRA are subject to individual health insurance regulations (not group health insurance regulations).
  3. Repeals the 2009 Colorado Department of Insurance Bulletin No. B-4.32

Click here to read the full order.

For history on this issue, you may be interested in the following posts:

hra-whitepaper-101

Topics: State Health, State-By-State Guide

Additional Resources

Trying to decide which HRA is best for you? Take our quiz to find out.
Get our guide on how to offer health benefits with a small budget.

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