New Health Insurance Broker Fees 2018

Broker Fees

Beginning August 8, 2018, brokers in Colorado will be permitted to charge a fee for advising customers on the choice of a health plan if the broker:

• Will not receive a commission on the plan from the health insurance company
• Provides a written disclosure to the customer

Brokers have played an important role in assisting our customers throughout our history and we expect that to continue.

Some points to be aware of:

• The Colorado Division of Insurance will develop rules to implement the new law
• No fee can be charged in connection with an enrollment in Medicaid or CHP+
• Connect for Health Colorado will continue to inform our customers on the full cost of their coverage and we will incorporate this change in future communications
• This change applies to health plans sold in or outside the Connect for Health Colorado Marketplace for brokers who choose to charge a fee

More information on the legislation, including the text of the bill, can be found here.