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Home » Bulletins » Colorado Issues Amended Bulletin on Pricing Actuarial Value Adjustment for the Premium Rate Reductions on The Colorado Option Standardized Health Plans

Colorado Issues Amended Bulletin on Pricing Actuarial Value Adjustment for the Premium Rate Reductions on The Colorado Option Standardized Health Plans

CO| The Colorado Department of Regulatory Agencies, Division of Insurance has issued Amended Bulletin B-4.123 extending the deadline for carriers to submit Mental Health Parity Non-Quantitative Treatment Limitation (NQTL) reports. Due to recent federal and state regulation revisions, the submission deadline for Filing/Plan Year 2024 NQTL Templates has been extended from March 1, 2025, to April 1, 2025. Additionally, carriers may use a reporting timeframe of January 1, 2024, through September 30, 2024, for templates requiring fully-adjudicated claims. This extension applies to various NQTL templates specified in the Amended Colorado Insurance Regulation 4-2-64, Section 10.

Key points:

  • The bulletin applies to all carriers offering health benefit plans subject to Colorado insurance laws.
  • The deadline for NQTL template submissions has been extended to April 1, 2025.
  • Carriers may use a January 1, 2024, through September 30, 2024, reporting timeframe for certain templates.

Click here to see full Amended Bulletin B-4.123

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