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Archive for the ‘Short Term Insurance’ Category

Why Do Short-Term Health Insurance Plans Have Lower Premiums Than Plans That Comply with the ACA?

Friday, November 2nd, 2018

KFF.com reports:

“The Trump administration earlier this year issued a regulation that expands the availability of “short-term” health insurance plans that do not have to comply with any of the rules in the Affordable Care Act (ACA) for plans sold in the individual market. Specifically, the regulation allows short-term plans to be offered for up to 364 days and renewed at the discretion of the insurer for up to three years. Short-term plans are also expected to be more attractive now that ACA’s individual mandate penalty has been repealed, since people previously enrolling in these plans were liable for the penalty.

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Expert: Short-term health care plans give consumers choice

Thursday, October 25th, 2018

Wake Forest University reports:

“With early-voting underway, recent polls show healthcare has become a top issue in the November midterm elections. One politically charged issue on the table is the availability of short-term health care plans that offer limited benefits at a low cost.

Opponents of these policies are concerned that the availability of short-term health care plans will undermine the Affordable Care Act and harm those who purchase them. The arguments: (1) Consumers will purchase short-term plans without fully understanding the limited coverage they provide. (2) Healthy individuals who might join an Affordable Health Care plan will choose a short-term plan instead.

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Short-Term, Limited-Duration Insurance Final Rule

Tuesday, August 21st, 2018

CMS Reports:

“Background

The Secretaries of the Treasury, Labor, and Health and Human Services published a proposed rule to consider allowing short-term, limited-duration insurance to cover longer periods and be renewed by the consumer on February 21, 2018 in response to both stakeholder input in the Request for Information “Reducing Regulatory Burdens Imposed by the Patient Protection and Affordable Care Act & Improving Healthcare Choices to Empower Patients,” as well as Executive Order 13813 entitled “Promoting Healthcare Choice and Competition Across the United States.”

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Fact Sheet: Short-Term, Limited-Duration Insurance Final Rule

Thursday, August 2nd, 2018

CMS.gov reports:

Background

The Secretaries of the Treasury, Labor, and Health and Human Services published a proposed rule to consider allowing short-term, limited-duration insurance to cover longer periods and be renewed by the consumer on February 21, 2018 in response to both stakeholder input in the Request for Information “Reducing Regulatory Burdens Imposed by the Patient Protection and Affordable Care Act & Improving Healthcare Choices to Empower Patients,” as well as Executive Order 13813 entitled “Promoting Healthcare Choice and Competition Across the United States.”

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Most Short-Term Health Plans Don’t Cover Drug Treatment or Prescription Drugs, and None Cover Maternity Care

Tuesday, May 8th, 2018

KFF reports:

“A new Kaiser Family Foundation analysis of short-term, limited duration health plans for sale through two major national online brokers finds big gaps in the benefits they offer.

Through an executive order and proposed new regulations, the Trump Administration is seeking to encourage broader use of short-term, limited duration health plans as a cheaper alternative to individual market plans that comply with the Affordable Care Act’s requirements. Repeal of the individual mandate penalty – which currently applies to people buying short-term plans – is also expected to boost enrollment starting next year.

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What is Trump’s New Short-Term Health Insurance Order?

Tuesday, May 8th, 2018

Investopedia reports:

“On February 20, 2018, the Departments of Health and Human Services (HHS), Labor and the Treasury released a proposed rule that would increase the length of coverage for short-term health insurance plans from three months to 364 days. They proposed this rule in response to an executive order President Trump issued in October 2017 telling these departments to propose regulations or guidance that would make this type of insurance more available in order to encourage consumer choice and provider competition in the health insurance market.

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