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 during these times. The bill mandates that health insurance companies, hospitals, medical service corporations, and health maintenance organizations must guarantee acceptance of applications during the six-month period following an individual's 65th birthday and during the annual open enrollment. Additionally, it prohibits insurers from charging extra premiums, fees, or penalties for those who do not enroll within the initial six-month period.

Furthermore, the bill eliminates preexisting condition exclusions, ensuring that individuals cannot be denied coverage based on their health history. It also allows enrollees the flexibility to switch between Medicare supplement insurance policies at any time, provided the new policy offers comparable or lesser benefits. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 8-4080e