Vermont S0132 mandates annual reporting by health care sharing plans for Vermont residents.

Vermont S0132 requires entities offering health care sharing plans or arrangements in Vermont to submit annual reports to the Commissioner of Financial Regulation. These reports must include details such as the number of participants, contracts with providers, fees collected, and reimbursement denials. The Commissioner will summarize this information in an annual report posted on the Department of Financial Regulation’s website. Non-compliance with reporting requirements can result in administrative penalties and cease and desist orders.

Vermont S0132 mandates annual reporting by health care sharing plans for Vermont residents.

Vermont S0132 requires entities offering health care sharing plans or arrangements in Vermont to submit annual reports to the Commissioner of Financial Regulation. These reports must include details such as the number of participants, contracts with providers, fees collected, and reimbursement denials. The Commissioner will summarize this information in an annual report posted on the Department of Financial Regulation’s website. Non-compliance with reporting requirements can result in administrative penalties and cease and desist orders.