The bill amends various sections of Vermont's health insurance laws, primarily focusing on the definition and criteria for "qualified employers" and "small employers." The threshold for qualifying as a "qualified employer" is raised from an average of 50 employees to 100 employees, effective January 1, 2016. This change is reflected in the definitions and responsibilities outlined in sections 1802 and 1804. Additionally, the bill repeals certain provisions that were applicable until the 2016 deadline, streamlining the criteria for employer participation in the Vermont Health Benefit Exchange.

Furthermore, the bill introduces new language regarding the responsibilities of the Vermont Health Benefit Exchange, including the transfer of information to the U.S. Department of the Treasury concerning individuals eligible for premium tax credits. It also clarifies the definitions of health benefit plans and establishes guaranteed acceptance for individuals and small employers, ensuring they can obtain health coverage regardless of any outstanding premiums owed. The act is set to take effect on January 1, 2026.

Statutes affected:
As Introduced: 33-1802, 33-1804, 33-1805, 33-1811
As Passed By the House -- Official: 33-1802, 33-1804, 33-1805, 33-1811
As Passed By the House -- Unofficial: 33-1802, 33-1804, 33-1805, 33-1811
As Passed by Both House and Senate -- Official: 33-1802, 33-1804, 33-1805, 33-1811
As Passed by Both House and Senate -- Unofficial: 33-1802, 33-1804, 33-1805, 33-1811
As Enacted: 33-1802, 33-1804, 33-1805, 33-1811