The Vermont health insurance landscape includes many avenues through which individuals and families may buy health care insurance plans. Residents without access to employer-sponsored coverage can shop for health care plans in the private marketplace and through the federal marketplace exchange. Those who are eligible may apply for public health plans such as Medicaid and CHIP.
Vermont and the Affordable Care Act
When the Affordable Care Act took effect and required most Americans to buy health insurance coverage, Vermont elected to participate in the federally facilitated marketplace. When residents enroll in ACA-compliant health plans sold through the health insurance exchange, they can apply for income-based financial assistance that helps lower their monthly health insurance premiums and out-of-pocket expenses for healthcare.
Only marketplace plans are eligible for income-based premium tax credits and cost-sharing subsidies. Individuals and families can find both marketplace, on-exchange plans and private, off-exchange plans on private marketplaces such as HealthCareInsider.com.
In Vermont the Small Business Health Options Program (SHOP) provides a way for employers with 50 or fewer full-time employees to offer healthcare benefits that meet federal health insurance standards.
Medicaid expansion in Vermont
Vermont is one of many states to have expanded Medicaid to single, low-income adults since Obamacare took effect. Vermont residents that want to apply for Medicaid must meet certain eligibility criteria set by the state.
Vermont Children’s Health Insurance Program provides low-cost health insurance for eligible children. Information about Vermont CHIP is available online.
The residents of Vermont know that health in this state is as good as it gets, because when it comes to health, there is only one place better in the United States. The United Health Foundation has ranked Vermont as the 2nd healthiest state, falling from first place in 2008. This still means everything that made Vermont achieve a top spot in terms of health was reinforced.
There is no luck involved in Vermont’s position as one of the country’s healthiest state. The state authorities and the residents of this state have been working really hard for the past ten years and the hard work has paid off. With the third highest rate of public health funding, one of the best percentages of primary care physicians and one of the lowest rates of unnecessary are some of the main reasons why the health system in Vermont is so effective.
Vermont Department of Insurance
89 Main St.
Montpelier, VT 05620-3101
Main Phone: 802-828-3301
Vermont Department of Health
08 Cherry Street
Burlington, VT 05402
Phone Number: 800-464-434
Out of State Phone: 802-863-7200