Currently, there are no proposed rules for the Administration Division.
The Department is proposing a new rule that establishes uniform standards governing reserve financing arrangements pertaining to insurers issuing term and universal life insurance products with secondary guarantees. The new rule formalizes existing Department practices and is based on the National Association of Insurance Commissioners (NAIC) Model Rule 787.
Public Hearing will be held on July 27, 2022, at 9:30 AM.
Join online Virtual Hearing Access Information or call +1 802-828-7667, Conference ID: 706042979#
Public comments will be accepted through August 5, 2022. Send you comments to Dan Raddock, Dan.Raddock@vermont.gov.
Currently, there are no proposed rules for the Banking Division.
Currently, there are no proposed rules for the Captive Insurance Division.
Currently, there are no proposed rules for theSecurities Division.
On March 2, 2022, the Green Mountain Care Board voted unanimously to adopt the recommendation of the Commissioner of Vermont Health Access to exercise the flexibility available under 45 C.F.R. § 156.111 to create a new EHB-benchmark plan for Plan Year 2024 that includes all the existing benefits within the current benchmark plan and coverage for hearing aids – up to one hearing aid per ear every three years and an annual exam.
The Departments of Financial Regulation and Vermont Health Access have prepared the following materials pertaining to the new EHB-benchmark plan for public comment prior to submission to the Centers for Medicare and Medicare Services for approval, as required by federal law. The new EHB-benchmark plan contains the following changes from the previous benchmark plan, approved by the Green Mountain Care Board on July 26, 2015:
The new EHB benchmark plan will retain the same number of prescription drugs in each United States Pharmacopeia (USP) category and class as the previous benchmark plan. Please refer to Vermont’s 2017-2023 EHB Benchmark Plan Information, maintained on the CMS website for further details. A draft Appendix D for submission to CMS will be posted to this website as soon as it is available.
The public comment period ends at 5PM EST on Monday, May 2, 2022. Please send your comments to Emily.Brown@vermont.gov.
All documents that are going to be posted for public comment are attached:
Currently, there are no scheduled public hearings.