On March 25, 2025, the Vermont State Legislature introduced Senate Bill 132, aimed at enhancing oversight of health care sharing plans within the state. This bill, sponsored by Senators White, Clarkson, Gulick, Major, and Vyhovsky, seeks to address the growing concern regarding the regulation of health care sharing arrangements, which are not classified as traditional health insurance.

The primary purpose of Senate Bill 132 is to mandate that any individual or entity offering a health care sharing plan—without authorization to provide health insurance—must report specific information annually to the Commissioner of Financial Regulation. This includes details about the operations and financial practices of these plans, which facilitate payment or reimbursement for health care costs among Vermont residents. The bill also requires these entities to certify the accuracy of the information they provide.

In addition to the reporting requirements, the Commissioner of Financial Regulation is tasked with compiling an annual report summarizing the submitted information. This report will be made publicly available on the Department of Financial Regulation’s website, thereby increasing transparency and accountability in the sector.

The introduction of this bill has sparked discussions among lawmakers and stakeholders regarding the implications of health care sharing plans. Proponents argue that the legislation is necessary to protect consumers from potential fraud and to ensure that these alternative health care arrangements operate within a framework of accountability. Critics, however, express concerns that the additional regulatory burden may stifle the growth of these plans, which some view as a viable alternative to traditional health insurance.

As the bill progresses through the legislative process, it is expected to undergo further scrutiny and debate. Experts suggest that if passed, Senate Bill 132 could set a precedent for how health care sharing arrangements are regulated in other states, potentially influencing national conversations about health care alternatives.

In conclusion, Senate Bill 132 represents a significant step towards regulating health care sharing plans in Vermont, aiming to enhance consumer protection while balancing the interests of alternative health care providers. The outcome of this bill could have lasting effects on the landscape of health care options available to Vermonters.