Are insurers allowed to charge different premiums based on gender in Colorado?

In Colorado, it is not permissible for insurers to use gender as a factor in determining premium pricing for health insurance. This prohibition is rooted in both state law and federal regulations that aim to promote equality and eliminate discrimination in the insurance market. The goal is to ensure that all individuals, regardless of gender, are treated equitably when it comes to accessing health insurance products and determining costs. This approach reflects a commitment to fairness and non-discrimination in the insurance industry, promoting more inclusive access to health care for all residents. By establishing this standard, Colorado aligns with broader initiatives to prevent gender-based disparities in the pricing of insurance products.