Unmerges individual and small group health insurance markets in Vermont.

This bill unmerges the individual and small group health insurance markets in Vermont. It prohibits certain risk classification factors in rating individuals, small employers, or employees of small employers. It also mandates that registered carriers use a community rating method for determining premiums for health benefit plans. The bill specifies that an employer with 50 or fewer employees can continue to participate in the Vermont Health Benefit Exchange even if the employer’s size grows beyond 50 employees.

Unmerges individual and small group health insurance markets in Vermont.

This bill unmerges the individual and small group health insurance markets in Vermont. It prohibits certain risk classification factors in rating individuals, small employers, or employees of small employers. It also mandates that registered carriers use a community rating method for determining premiums for health benefit plans. The bill specifies that an employer with 50 or fewer employees can continue to participate in the Vermont Health Benefit Exchange even if the employer’s size grows beyond 50 employees.