Colorado § 10-16-1203 - Definitions.

§ 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.

(1.3) "Bond" means any bond, note, interim certificate, commercial paper, contract, or other evidence of indebtedness of the enterprise authorized by this part 12.

(1.5) "Bond obligations" means the debt service on, and related costs and obligations in connection with, bonds, including:

(a) Payments with respect to principal, interest, prepayment premiums, reserve funds, surplus funds, sinking funds, and costs of issuance;

(b) Payments related to any credit enhancement, liquidity support, or interest rate protection for bonds;

(c) Fees and expenses of any trustee, bond registrar, paying agent, authenticating agent, rebate analyst or consultant, calculation agent, remarketing agent, or credit enhancement, liquidity support, or interest rate protection provider;

(d) Coverage requirements; and

(e) Other costs, fees, and expenses related to any of the obligations specified in subsections (1.5)(a) to (1.5)(d) of this section and any other amounts required to be paid pursuant to the provisions of any documents authorizing the issuance of the bonds.

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

(2.5) "Enhanced premium tax credit" means the premium tax credit, as amended by the federal "American Rescue Plan Act of 2021", Pub.L. 117-2, and the federal "Inflation Reduction Act of 2022", Pub.L. 117-169, 136 Stat. 1818 (2022), which expanded eligibility for and the amount of the premium tax credit.

(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, except for individuals eligible pursuant to section 25.5-5-201 (6) or section 25.5-8-109 (7).

(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.

Source: L. 2020: Entire part added, (SB 20-215), ch. 201, p. 987, § 1, effective June 30. L. 2025: (12)(c) amended, (HB 25-1213), ch. 276, p. 1434, § 1, effective August 6. L. 2025, 1st Ex. Sess.: (2.5) added, (HB 25B-1006), ch. 10, p. 41, § 1, effective August 28. L. 2026: (1.3) and (1.5) added, (SB 26-178), ch. 298, p. 1643, § 1, effective June 2.