Bill > H0275

This bill aims to improve Medicare supplement insurance policies in Vermont by establishing new consumer protections. It creates an annual open enrollment period that aligns with the federal Medicare Part D open enrollment period, during which individuals can apply for Medicare supplement insurance without facing discrimination. The bill prohibits insurance companies from charging additional premiums, fees, or penalties if someone does not enroll in a Medicare supplement insurance policy during their initial six-month period after turning 65. Additionally, insurers are banned from excluding or restricting coverage for preexisting health conditions in these policies, ensuring more comprehensive healthcare access for seniors. The bill also grants enrollees the flexibility to switch between Medicare supplement insurance policies at any time, as long as they move to a policy with comparable or lesser benefits. These changes are designed to make Medicare supplement insurance more accessible, affordable, and user-friendly for Vermont residents. The provisions will take effect on July 1, 2025, giving insurance companies time to adjust their policies and practices to comply with the new requirements.

Health and Social Services

https://legislature.vermont.gov/bill/status/2026/H.275