New Law Standardizes Initial Applications for Insurance

By: KKTV Email
By: KKTV Email

Monday, Governor Bill Ritter signed House Bill 1242 into law. The bill, sponsored by State Rep. Dennis Apuan of Colorado Springs, will require insurance carriers to accept a standard initial application.

The application rules apply to individual health benefit plans, and according to Rep. Apuan, will help individuals search for the best and most affordable insurer without the headache of filling out all the different applications for each insurer. The applications often vary from carrier to carrier.

“This bill was created with the consumer in mind. By having one master application, we are helping consumers choose the best carrier for their needs by being able to easily compare prices and offerings,” Rep. Apuan said.

“We are saving consumers’ time while promoting healthy competition among businesses. Are you tired of filling out multiple forms as you look for insurance? It is time for us to tell consumers that yes; there is finally an app for that,” said Rep. Apuan.

House Bill 1242 is part of the Governor’s 2010 health care agenda.

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