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VT H0585

VT H0585
An act relating to health insurance reforms


summary

Introduced
01/07/2026
In Committee
03/24/2026
Crossed Over
03/19/2026
Passed
Dead

Introduced Session

2025-2026 Session

Bill Summary

This bill proposes to modify the governance and executive compensation requirements for certain health insurance companies. It would allow limited age rating for health insurance plans in the individual and small group markets and expand access to association health plans and to short-term, limited duration health insurance. The bill would define high-dollar claims for purposes of claims edits and would limit the primary care provider exemption from prior authorization requirements to apply to independent providers only. The bill would also begin implementing site-neutral billing policies for certain health care services and would authorize the State to pursue a federal waiver to establish a reinsurance program.

AI Summary

This bill proposes several health insurance reforms, including changes to the governance and executive compensation of nonprofit hospital service corporations, allowing for limited age rating in individual and small group health insurance markets, and expanding access to association health plans and short-term, limited-duration health insurance. It also defines "high-dollar claims" for claims editing purposes as those exceeding $25,000 per episode of care, limits the exemption for primary care providers from prior authorization requirements to independent providers only, and begins implementing site-neutral billing policies for physical therapy, occupational therapy, and athletic training services, meaning these services will be reimbursed at a uniform rate across all health plan contracts and fee schedules, expressed as a percentage of the Medicare rate, except for inpatient settings. Additionally, the state is authorized to seek a federal waiver to establish a reinsurance program, and new reporting requirements are introduced for health care sharing plans and arrangements to increase transparency.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (2)

Last Action

Senate Committee on Finance Hearing (14:00:00 4/29/2026 Room 6) (on 04/29/2026)

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