ACT NO. 24
Health Insurance; Federal Law
This act reconciles Vermont's health insurance laws with the requirements of the federal law (the Health Insurance Portability and Accountability Act of 1996). Preexisting condition limitations will not extend more than six months, and credit will be given for prior coverage even if there is a break in coverage of 90 days or more in the case of small group insurance, and even if there is a break in coverage of 90 days or more in the case of individual insurance policies. The Commissioner of Banking, Insurance, Securities and Health Care Administration must adopt rules implementing the act.
Effective Date: On passage (May 6, 1997), except that the provisions of the act reconciling federal and state law take effect on July 1, 1997.