H.275 is a proposed bill aimed at enhancing access to Medicare supplement insurance policies in Vermont. It establishes annual open enrollment periods that align with the federal open enrollment for Medicare Part D plans, ensuring that individuals can apply for coverage without facing additional premiums, fees, or penalties if they do not enroll within six months of turning 65. The bill also prohibits health insurers from excluding coverage for preexisting conditions and allows enrollees the flexibility to switch between Medicare supplement policies with comparable or lesser benefits at any time.

The bill amends current law by inserting provisions that guarantee acceptance of applications during the specified enrollment periods and outlines the conditions under which insurers cannot impose rate distinctions or limitations based on preexisting conditions. Additionally, it specifies that the new regulations will take effect on July 1, 2025.

Statutes affected:
As Introduced: 8-4080e