Division of Insurance statement regarding King v. Burwell decision
Supreme Court continues tax credits in Healthcare.gov states
DENVER (June 25, 2015) – Today, in its ruling on King v. Burwell, the U.S. Supreme Court ruled in favor of the government’s position, meaning the advance premium tax credits (APTC) will continue for consumers in the 36 states that use the federal health exchange, known as Healthcare.gov.
However, Colorado does not use Healthcare.gov. In 2011, Colorado’s legislature created a statebased exchange - now known as Connect for Health Colorado. The main question arising in this court case, the legality of APTCs for states that use the federal exchange, does not apply to Colorado and other states operating their own exchange.
“This is a good day for consumers,” said Insurance Commissioner Marguerite Salazar. “Tax credits make health insurance more affordable for many people, and now consumers in other states get to keep them. This means we can stop wondering about this ruling, and DOI will continue with reviewing health plans for 2016.”
Coloradans should know that the tax credits for health insurance purchased through Connect for Health Colorado are not going away. While this case did not impact the state directly, there was concern that a ruling in the other direction would have affected many of the national companies that sell insurance in Colorado.
Coloradans with questions about their tax credits should contact Connect for Health Colorado at 1- 855-752-6749. People with questions about health insurance in general can contact the Division of Insurance at 303-894-7490 or1-800-930-3745 (outside the Denver metro area).
The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies, regulates the insurance industry in Colorado and assists consumers and other stakeholders with insurance issues. Visit www.dora.colorado.gov/healthinsurance for more information
The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer protection is our mission. Visit www.dora.colorado.gov for more information or call 303-894-7855 / toll free 1-800-886-7675.