Notices for Week of: JUNE 16, 2005
PROPOSED STATE RULES
By law, public notice of proposed rules must be given by publication in newspapers of record. The purpose of these notices is to give the public a chance to respond to the proposals. The public notices for administrative rules are now also available online at http://vermont-archives.org/aparules/ovnotices.htm The law requires an agency to hold a public hearing on a proposed rule, if requested to do so in writing by 25 persons or an association having at least 25 members.
To make special arrangements for individuals with disabilities or special needs please call or write the contact person listed below as soon as possible
To obtain further information concerning any scheduled hearing(s), obtain copies of proposed rule(s) or submit comments regarding proposed rule(s), please call or write the contact person listed below. You may also submit comments in writing to the Legislative Committee on Administrative Rules, State House, Montpelier, Vermont 05602 (828-2231).
Medicare Supplement Insurance Minimum Standards Regulation, Regulation H-2005-02
Vermont Proposed Rule: 05P018
AGENCY: Dept. of Banking, Insurance, Securities & Health Care Administration
CONCISE SUMMARY: The law will implement the changes to the Medicare Supplement standardization scheme effected by the federal Medicare Modernization and Prescription Drug Act of 2003. In addition, it updates Vermont's rule to make it consistent with the NAIC model rule.
TYPE OF PERSONS AFFECTED: Elderly or disabled individuals who have or may buy Medicare Supplement insurance policies, Medicare Supplement insurers, BISHCA.
COST BENEFIT ANALYSIS: The two new cost sharing plans (K and L) may result in greater sales for insurers and greater savings for purchasers. The ability to keep a Medicare Supplement plan that previously had prescription drug coverage, while receiving prescription drug benefits under Medicare Part D, may result in savings for some insureds. Review of filings for removal of prescription drug coverage and new plans will result in significant, one-time, increased staff and resource use by the Health Care Administration.
SCHEDULED HEARINGS: None Scheduled at this time
DEADLINE FOR PUBLIC COMMENT: June 30, 2005.
FOR FURTHER INFORMATION, CONTACT: Cassandra S. Edson, Staff Attorney Health Care Administration Division, BISHCA, 80 Main Street, Drawer 20, Montpelier, VT 05620-3601 802-828-2900
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- If you have general questions about the rulemaking process, please contact
- Louise Corliss by e-mail at or by phone 802-828-2863
