Colorado § 10-16-151 - Cost sharing in prescription insulin drugs - limits - definition - rules.
Full text of Colorado Colorado Revised Statutes § 10-16-151 — Cost sharing in prescription insulin drugs - limits - definition - rules., with citation guidance and answers to common questions.
§ 10-16-151. Cost sharing in prescription insulin drugs - limits - definition - rules.
(1) As used in this section, unless the context otherwise requires, "prescription insulin drug" means a prescription drug, as defined in section 12-280-103 (42), that contains insulin and is used to treat diabetes.
(2) A carrier that provides coverage for prescription insulin drugs pursuant to the terms of a health coverage plan the carrier offers shall cap the total amount that a covered person is required to pay for all covered prescription insulin drugs at an amount not to exceed one hundred dollars for the covered person's entire thirty-day supply of insulin, regardless of the amount or type of insulin needed to fill the covered person's prescription or the number of prescriptions.
(3) Nothing in this section prevents a carrier from reducing a covered person's cost sharing by an amount greater than the amount specified in subsection (2) of this section.
(4) The commissioner may use any of the commissioner's enforcement powers to obtain a carrier's compliance with this section.
(5) The commissioner may promulgate rules as necessary to implement and administer this section and to align with federal requirements.
Source: L. 2019: Entire section added, (HB 19-1216), ch. 248, p. 2419, § 2, effective August 2. L. 2021: (2) amended, (HB 21-1307), ch. 437, p. 2894, § 2, effective September 7.
Cross references: For the legislative declaration in HB 19-1216, see section 1 of chapter 248, Session Laws of Colorado 2019. For the legislative declaration in HB 21-1307, see section 1 of chapter 437, Session Laws of Colorado 2021.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-16-151
What does Colorado Revised Statutes § 10-16-151 cover?
Section 10-16-151 ("Cost sharing in prescription insulin drugs - limits - definition - rules.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-16-151?
A common citation format is "Colorado Revised Statutes § 10-16-151" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-16-151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.