VT-HI

Posted in

October 30th, 2008

If you are one of the 11.4% of Vermont residents without a Vermont Health Insurance policy the state has laws in favor of the consumer to help change that. Vermont is one of the few states in the nation where it is mandatory for all private health insurance companies to guarantee the issuance of a Vermont Health Insurance policy.

If a Vermont resident does not have access to a policy through an employer or union, they can easily choose from any number of local health providers and choose whichever plan they fancy. The premiums for the Vermont Health Insurance plans are not based on the health status of an applicant and the rate is locked in for 12 months. The annual renewal rate increase is capped at 20%.

Many other states have laws governing pre-existing conditions to protect the insurance companies. Elimination riders are not legally permitted in a Vermont Health Insurance policy. However, the private insurance providers can implement a 12 month exclusionary based on if the new member if they did not have decent coverage before signing up for their new policy. Additionally, the Utah Health Insurance companies can look into an applicants medical history for only the nine prior months and that will only be matter to applicants that are subject to the 12-month exclusionary period.

In general, Vermont is also a liberal state with many of their laws and policies. As far as adoption, legal drinking age, incorporation laws and civil unions, Vermont has it going on. Because of such, providers of Vermont Health Insurance legally must recognizing civil unions that must be covered on family health plans.

Vermont has more than grand foliage, maple syrup and the Ben & Jerrys corporate headquarters. The ability to secure a Vermont Health Insurance plan is easy for their residents and should be taken advantage of by them all.