On 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:
- Confirms that employers of any size may establish HRAs that reimburse for individual health insurance premiums.
- 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).
- 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: