Health Insurance Laws Enacted during the 2007 Legislative Session (Aug. 3, 2007)

Act 70 (H.229) Catamount Health Corrections and Clarifications:Group Insurance "Qualifying Event".  Health insurance carriers must include in policies a provision that defines as a "qualifying event" for purposes of enrollment a finding by the Agency of Human Services that an eligible employee or other individual is required to participate in the Catamount Health Premium Assistance Program.Act 80 (S.115) Prescription Drug Pricing and Information Medicare Part D marketing.  Insurance producers and companies are prohibited from certain actions in the selling, soliciting or negotiating the purchase of health insurance.Pharmacy Benefit Managers.  Pharmacy Benefit Managers doing business in Vermont must conform with certain statutorily defined standards of conduct, and must register with the Department no later than October 1, 2007.Notice of Preferred Drug List Changes. On a periodic basis, and no less frequently than annually, carriers must notify beneficiaries of changes in prescription drug coverage.