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BILL AS INTRODUCED 2007-2008

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H.475

Introduced by Representative Heath of Westford

Referred to Committee on

Date:

Subject:  Health; insurance; adult children

Statement of purpose:  This bill proposes to require health plans to allow parents to pay an additional premium to cover an adult child on their health plan until the child is 30 years of age.

AN ACT RELATING TO HEALTH CARE COVERAGE FOR YOUNG ADULT CHILDREN

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  8 V.S.A. § 4063b is added to read:

§ 4063b.  COVERAGE FOR ADULT CHILDREN UNTIL AGE 30

(a)  As used in this section:

(1)  “Dependent” shall mean a child of the subscriber who is age 30 or under, regardless of whether the child lives with the subscriber or is financially dependent on the subscriber.   

(2)  “Insurer” shall mean a health insurer as defined in 18 V.S.A. § 9402(7).

(b)  Notwithstanding any law to the contrary, each individual or group health policy or contract issued by a health insurer that provides hospital or medical expense benefits and was delivered, issued, executed, or renewed in Vermont, or was approved for issuance or renewal in this state by the commissioner of banking, insurance, securities, and health care administration on or after the effective date of this act, under which coverage of a dependent child is limited to children of specified ages, shall, at the option of the insured, continue to provide coverage to a dependent of the insured beyond that specified age, provided that the child has no dependent of his or her own.

(c)  If the insured elects the coverage, the health insurer may assess the insured an additional premium equivalent to the premium amount the subscriber would pay for one-person coverage under the health plan for which the insured is covered, plus a service charge not to exceed three percent of the premium for the one-person coverage. 



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us