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Centennial State Gets Dependent Health Access Law

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Colorado health insurers now must offer health coverage to the parents of many young adults.

Colorado has a new law, created by House Bill 2005-1101, that requires state-regulated individual and group health insurers that offer any dependent coverage to offer parents the same level of dependent coverage for many unmarried children up to age 25, according to officials at the Colorado Division of Insurance.

Insurers can provide the coverage by issuing a rider or a supplemental policy provision, and they can charge an additional premium for the young adult dependent coverage, officials say.

To qualify for the rider, children must either have the same legal residence as the parent or be financially dependent on the parent.

Although “the child must be, in some part, financially dependent on the parent,” an insurer cannot require that the child be listed as a dependent on the parent’s income tax return, officials say.

A copy of a list of questions and answers about the new statute is on the Web at Document Link