The Department of Financial Regulation is a state agency that touches the lives of every Vermonter through the regulation and monitoring of a broad spectrum of financial and health industry activities.
The Department’s job is to protect consumers against unfair and unlawful business practices in the areas of banking, securities (investments) and insurance, while ensuring that licensed entities are financially healthy. The ongoing work of the Department on behalf of Vermonters helps consumers access financial and health related services with confidence that:
Consumers are treated fairly, according to the terms of contracts and laws.
Regulated companies, institutions and individuals operate within the law.
Regulated entities operate in a financially sound manner, and remain able to deliver on consumers’ earnings, benefits, claims, or other services.
Costs and services are reasonable for the marketplace.
Bridging a Coverage Gap Between Retirement and Medicare
Many baby boomers may be toying with the idea of early retirement in the new year. For some in this age group, a lifetime of working means a good pension and benefits after they leave the day-to-day grind, but more and more companies are converting retirement benefits, leaving the boomer generation in the precarious position of finding alternative health insurance coverage. If you are considering early retirement or need to consider retirement health insurance options, the National Association of Insurance Commissioners (NAIC) offers these tips for where to look and what to consider in your decision.
