Vermont S0027 prohibits credit reporting agencies from reporting medical debt and appropriates funds for medical debt relief.

Vermont S0027 enacts measures to provide medical debt relief and prevent medical debt from being reported on credit reports. The bill appropriates $1,000,000 to the State Treasurer for contracting with a nonprofit entity to purchase and abolish medical debts of eligible Vermont residents. To qualify, residents must have incomes at or below 400% of the federal poverty level or owe medical debt equal to 5% or more of their household income.

Vermont S0027 prohibits credit reporting agencies from reporting medical debt and appropriates funds for medical debt relief.

Vermont S0027 enacts measures to provide medical debt relief and prevent medical debt from being reported on credit reports. The bill appropriates $1,000,000 to the State Treasurer for contracting with a nonprofit entity to purchase and abolish medical debts of eligible Vermont residents. To qualify, residents must have incomes at or below 400% of the federal poverty level or owe medical debt equal to 5% or more of their household income.