CO| Bulletin No. B-4.150, outlines updated guidance from the Colorado Division of Insurance regarding Transparency in Coverage (TiC) reporting requirements for carriers and plans. The bulletin responds to the passage of Senate Bill 24-080 and Regulation 4-2-103, which mandate Colorado-specific healthcare pricing data submissions, and provides a one-time extension for the initial reporting deadline.
Key points:
- Deadline Extension: The initial submission and posting deadline for Machine-Readable Files (MRFs) is extended from July 1, 2025, to August 15, 2025, with future submissions expected every six months.
- Implementation Priorities: For the 2025 MRF submission, carriers are directed to prioritize compliance efforts in the following order: Volume Filter (Section 6.C.3), Market Segmentation (Section 6.B.3), and File Size (Section 6.B.5).
- Ongoing Compliance: Carriers are expected to allocate sufficient resources for timely, bi-annual submissions and full compliance with all aspects of Regulation 4-2-103 in future reporting cycles.