Colo. Rev. Stat. § 10-16-1203

Current through 11/5/2024 election

Section 10-16-1203 - Definitions

As used in this part 12, unless the context otherwise requires:

(1) "Board" means the health insurance affordability board created in section 10-16-1207.

(2) "Children's basic health plan" has the meaning set forth in section 25.5-8-103 (2).

(3) "Enterprise" means the Colorado health insurance affordability enterprise created in section 10-16-1204.

(4) "Federal poverty line" has the same meaning as "poverty line", as defined in 42 U.S.C. sec. 9902 (2).

(5) "Fee" means the health insurance affordability fee established and assessed pursuant to section 10-16-1205.

(6) "Fund" means the health insurance affordability cash fund created in section 10-16-1206.

(7) "Household income" has the same meaning as set forth in 26 U.S.C. sec. 36B (d)(2) of the federal "Internal Revenue Code of 1986", as amended.

(8) "Medicaid" means federal insurance or assistance as provided by Title XIX of the federal "Social Security Act", as amended, and the "Colorado Medical Assistance Act", articles 4, 5, and 6 of title 25.5.

(9) "Medicare" means federal insurance or assistance provided by the "Health Insurance for the Aged Act", Title XVIII of the federal "Social Security Act", as amended, 42 U.S.C. sec. 1395 et seq.

(10) "Premium tax credit" means the refundable tax credit available pursuant to the federal act to assist certain individuals in purchasing a health benefit plan on the exchange.

(11) "Public benefit corporation" means a public benefit corporation formed pursuant to part 5 of article 101 of title 7 that is organized and operated by the exchange pursuant to section 10-22-106 (3) for the purpose of administering and operating a subsidy to reduce the costs of health care coverage offered under a state-subsidized individual health coverage plan.

(12) "Qualified individual" means an individual, regardless of immigration status, who:

(a) Is a Colorado resident;

(b) Has a household income of not more than three hundred percent of the federal poverty line; and

(c) Is not eligible for the premium tax credit, medicaid, medicare, or the children's basic health plan.

(13) "Reinsurance program" means the Colorado reinsurance program created in part 11 of this article 16.

(14) "Reinsurance program cash fund" means the reinsurance program cash fund created in section 10-16-1107.

(15) "State-subsidized individual health coverage plan" means a subsidized individual health coverage plan offered by carriers to qualified individuals through the public benefit corporation.

C.R.S. § 10-16-1203

Added by 2020 Ch. 201, § 1, eff. 6/30/2020.

L. 2020: Entire part added, (SB 20-215), ch. 987, p. 987, § 1, effective June 30.