Tag: vermont health insurance

Health insurance rates in Vermont are the first in the U.S. to be posted

Vermont Health insurance exchanges

This will let the residents of the state know what they can expect their premiums to be. Vermont has just become the very first state in the country to share what its health insurance rates will be when they begin to use the online exchange in order to purchase their coverage to comply with the “individual mandate”. This gives residents an idea of the rates they’ll pay starting in October when the marketplace opens. The state has released its rate proposals. They aren’t yet set in stone, but at least…

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Vermont to begin working toward a health insurance exchange by the end of the year

Nordstrom

Vermont lawmakers are expected to determine how the state will build its own health insurance exchange system by the end of this year. The state has been sluggish in its efforts to build an exchange due to some uncertainty and lack of guidance from the federal government. The Department of Health and Human Services, the agency that oversees the exchange effort throughout the country, has granted states with enough flexibility to establish an exchange in a way they see fit. Vermont’s slow pace may put the exchange effort at risk…

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Vermont adopts single-payer health system

The state of Vermont is edging closer to a single-payer health system. The new system would have state residents transition into a publicly funded insurance program that would be responsible for paying hospital bills and other medical expenses. The system has received approval from the state Legislature and is to be built as soon as possible. Vermont is the first state in the U.S. to adopt a single-payer health system. Legislators will have to iron out the specific regulations that will govern the system before anyone can begin using it.…

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Massachusetts and Vermont residents pay the highest individual health rates

A recent analysis has shown that in 2010, the most expensive individual health rates in the country were in Massachusetts and Vermont, with premiums up to and higher than $400 per month per person, which is about twice the average of the country. The information was collected by the Kaiser Family Foundation, which drew the data from the insurance company filings to the National Association of Insurance Commissioners and discovered a significant discrepancy in the rates charged from one state to the next. The researchers are referring to their analysis…

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