Health Insurance Broker Fees & Fee Disclosure for the Individual Market 

February 21, 2018

SB18-136  By Senator Tim Neville & Representatives Tracy Kraft-Tharp & Lang Sias

SB18-136 by Senator(s) Neville T.; also Representative(s) Kraft-Tharp and Sias--Concerning fees for advising clients about the selection of an individual health benefit plan passed the Senate on second reading this morning.  Senator Neville did a great job of explaining the bill to the Senate.  Senators Aguilar, Kefalas and Guzman all spoke in favor of the bill.   Senator Aguilar spoke about a personal experience of her daughter working with a broker and the valuable services they provide.  Senator Kefalas spoke about letters he has received from brokers in his district supporting the bill.  The amendment to clarify that brokers will not accept fees from Medicaid clients was added to the bill without objection. 

 The bill will be on third, final, recorded vote February 22, 2018.  The bill will then proceed to the State House of Representatives. 

For more information contact your chapter legislative chair or Christine Bogott, Colorado State Legislative Chair.