2011 Vermont Code
Title 08 Banking and Insurance
Chapter 107 HEALTH INSURANCE
§ 4062d Market security trust

§ 4062d. Market security trust

(a) The commissioner may establish a market security trust for the purpose of lowering the cost of and thereby increasing access to health care coverage in the health insurance market.

(b) If the commissioner develops a market security trust pursuant to this section, the commissioner shall do so in a manner that permits the trust to be eligible for federal grants to administer the trust, including grants under the federal Patient Protection and Affordable Care Act of 2010, Public Law 111-148, as amended by the Health Care and Education Reconciliation Act of 2010, Public Law 111-152.

(c) A market security trust established pursuant to this section shall be budget neutral or financially beneficial to the state.

(d) The commissioner may adopt rules pursuant to chapter 25 of Title 3 for the market security trust relating to:

(1) Eligibility criteria for providing financial support to carriers under this section, including carrier claims' expenses eligible for financial support, standards and procedures for the treatment and chronic care management as defined in 18 V.S.A. { 701, and any other eligibility criteria established by the commissioner.

(2) The operation of the trust.

(3) Any other standards or procedures necessary or desirable to carry out the purposes of this section. (Added 2005, No. 191 (Adj. Sess.), { 27, eff. July 1, 2007; amended 2009, No. 156 (Adj. Sess.), { E.230.1, eff. June 3, 2010.)