An act relating to expanding access to catastrophic health plans

This bill directs Vermont's Agency of Human Services to request federal approval to allow people up to age 40 to purchase catastrophic health plans, which are currently limited to those under 30. The legislation aims to address rising health insurance costs and higher uninsured rates among young adults by providing access to lower-premium insurance options. If approved, the waiver would take effect on January 1, 2025, allowing eligible Vermonters to enroll in these plans during open enrollment periods. The bill does not change existing insurance laws but seeks to modify eligibility criteria for a specific type of coverage under federal guidelines.