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VT H0430
Bill
Status
2/28/2025
Primary Sponsor
Gina Galfetti
Click for details
AI Summary
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Allows health insurers to vary premiums for individual and small group plans based on beneficiary age, with a maximum rate differential of 3 to 1
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Permits premium variation based on tobacco usage, with a maximum rate differential of 1.5 to 1
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Removes age from the list of prohibited risk classification factors while maintaining prohibitions on gender rating, geographic area rating, industry rating, medical underwriting, experience rating, tier rating, and durational rating
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Limits total premium deviation to no more than 20% above or below the community rate after applying age and tobacco rating adjustments
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Takes effect January 1, 2026
Legislative Description
An act relating to allowing health insurance premiums to vary based on age and tobacco usage
Last Action
Read first time and referred to the Committee on Health Care
2/28/2025