Colorado HB1267 limits collection actions for medical debt, requiring creditors to notify patients and offer payment plans.

Colorado HB1267 imposes restrictions on collection actions for medical debt. It mandates that medical creditors notify patients 30 days before taking any permissible extraordinary collection actions. Creditors must verify that patients have been screened for public health insurance programs and discounted care. The bill requires creditors to offer a reasonable payment plan to each patient with medical debt. If creditors violate these requirements, they face potential penalties.

Colorado HB1267 limits collection actions for medical debt, requiring creditors to notify patients and offer payment plans.

Colorado HB1267 imposes restrictions on collection actions for medical debt. It mandates that medical creditors notify patients 30 days before taking any permissible extraordinary collection actions. Creditors must verify that patients have been screened for public health insurance programs and discounted care. The bill requires creditors to offer a reasonable payment plan to each patient with medical debt. If creditors violate these requirements, they face potential penalties.