The Individual Mandate has been repealed federally. What is its status in Vermont as of 2024?

Study for the Vermont Life, Accident and Health Insurance Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Achieve success in your exam!

In Vermont, the Individual Mandate refers to the requirement for individuals to have health insurance coverage, which was established under the Affordable Care Act (ACA). While the federal Individual Mandate was effectively repealed with the reduction of the penalty to $0 starting in 2019, Vermont has gone further by not implementing any state-level mandate that would replace the federal requirement.

As of 2024, Vermont does not have its own individual mandate in place, meaning there are no requirements for individuals to maintain health insurance coverage, nor are there penalties for failing to do so. This largely reflects the trend of many states choosing not to impose their own mandates following the federal repeal.

Therefore, stating that the Individual Mandate is "completely non-existent" in Vermont is accurate, as there are no current laws or regulations in the state that enforce such a requirement.

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