The bill H.576 proposes the establishment of the Affirming Health Care Trust Fund, which will be administered by the State Treasurer. This fund aims to provide monetary awards to cover costs associated with receiving and providing gender-affirming health care services in Vermont. The bill defines gender-affirming health care services and outlines that these services do not include conversion therapy or certain surgical interventions on minors. The fund will support health care providers and nonprofit organizations that work to increase access to these services, addressing various barriers such as geography, income, and race.

Additionally, the bill establishes the Affirming Health Care Trust Fund Board, which will oversee the fund and consist of nine members, including representatives from health care organizations and individuals who have received gender-affirming care. The board will be responsible for creating policies for the allocation of funds and ensuring that patient-identifiable data remains confidential. The bill also stipulates that the fund may receive various sources of funding and that any unspent balance will carry over to future fiscal years. The act is set to take effect upon passage.