Prescription Drug Out-of-Pocket Expense Credit
Concerning a covered person's contribution under a health benefit plan based on out-of-pocket expenses attributable to the purchase of prescription drugs.
Official status: Became Law
Prime sponsors
- Adrienne Benavidez (Senate) — Prime Sponsor
- Kyle Mullica (Senate) — Prime Sponsor
- Andrew Boesenecker (House) — Prime Sponsor
- Mandy Lindsay (House) — Prime Sponsor
Progress (from the official record)
Official summary
Official text — shown in English exactly as published by the official source. The official text controls.
Beginning on January 1, 2028, a health insurance carrier (carrier) of an individual or group health benefit plan in Colorado (plan) shall, when calculating a covered person's contribution to an out-of-pocket maximum or cost-sharing requirement under the plan, account for and credit to the covered person's contribution an out-of-pocket expense that the covered person incurs by purchasing a prescription drug directly from a pharmacy or direct-to-consumer platform (contribution credit). The carrier shall apply the contribution credit to the out-of-pocket maximum or cost-sharing requirement that is applicable in the plan year in which the out-of-pocket expense was incurred. To receive a contribution credit, a covered person must provide to the carrier proof of payment for a direct purchase of a prescription drug, such as an itemized receipt or pharmacy record, within 90 days after making the purchase (proof of payment). The carrier may request additional information or documentation if the proof of payment is insufficient or incomplete. The carrier shall not apply a contribution credit in the following circumstances: For an amount of a covered person's out-of-pocket expense incurred by the direct purchase of a prescription drug that is greater than the amount the covered person would have incurred if they had obtained the same prescription drug in the same plan year from an in-network pharmacy and pursuant to the terms of their plan; If the covered person does not provide proof of payment; If the covered person incurred the out-of-pocket expense by purchasing a prescription drug that is not covered under the formulary of the covered person's plan, unless the carrier grants an exception; or If the covered person does not comply with the carrier's utilization management processes, including prior authorization and step therapy protocols required under the covered person's plan. (Note: This summary applies to this bill as enacted.)
Status timeline
| Date | Location | Action |
|---|---|---|
| 04/16/2026 | Senate | Introduced In Senate - Assigned to Health & Human Services |
| 04/30/2026 | Senate | Senate Committee on Health & Human Services Refer Amended to Appropriations |
| 05/05/2026 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 05/05/2026 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 05/06/2026 | Senate | Senate Third Reading Passed - No Amendments |
| 05/06/2026 | House | Introduced In House - Assigned to Health & Human Services |
| 05/08/2026 | House | House Committee on Health & Human Services Refer Unamended to House Committee of the Whole |
| 05/08/2026 | House | House Second Reading Special Order - Passed - No Amendments |
| 05/09/2026 | House | House Third Reading Passed - No Amendments |
| 05/21/2026 | Senate | Signed by the President of the Senate |
| 05/21/2026 | House | Signed by the Speaker of the House |
| 05/21/2026 | Governor | Sent to the Governor |
| 06/03/2026 | Governor | Governor Signed |
Recorded votes
- 05/08/2026 — House Health & Human Services: “Refer Senate Bill 26-167 to the Committee of the Whole.” — the motion passed on a vote of 8–5.
- 05/05/2026 — Senate Appropriations: “Refer Senate Bill 26-167 to the Committee of the Whole.” — the motion passed on a vote of 5–2.
- 04/30/2026 — Senate Health & Human Services: “Refer Senate Bill 26-167, as amended, to the Committee on Appropriations.” — the motion passed on a vote of 6–0.
Proposed amendments (1 proposed amendment)
| Amendment | Committee / floor hearing | Offered | Disposition | Official document |
|---|---|---|---|---|
| L.001 | Committee amendment — Health & Human Services (Senate) | 04/30/2026 | Passed | View official document |
Source: Colorado General Assembly (leg.colorado.gov) · Data as of
Full text
- Signed Act version (official PDF), 06/04/2026
- Final Act version (official PDF), 05/20/2026
- Rerevised version (official PDF), 05/09/2026
- Revised version (official PDF), 05/08/2026
- Reengrossed version (official PDF), 05/06/2026
- Engrossed version (official PDF), 05/05/2026
- Introduced version (official PDF), 04/16/2026
Official record
View SB26-167 on leg.colorado.gov
Source: Colorado General Assembly (leg.colorado.gov) · Data as of
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