KBenefits Insurance Services
Insurance - Medicare - Retirement


Trump Administration Allows 12-Month Short-Term Plans


The Trump administration released a final rule on new short-term health insurance policies.  The rule extends the current 90 days of coverage up to 12 months, and policies have the option to be renewable for a maximum of three years.

Premiums for the short-term policies could cost half as much as comprehensive coverage. However, these policies have the choice to skirt many Affordable Care Act provisions, such as coverage for maternity care, prescription drugs, or mental health care. These plans can also set annual and lifetime caps on benefits, deny coverage, or charge more for people with pre-existing conditions.

“The rule will help increase choices for Americans faced with escalating premiums and dwindling options in the individual market, said James Parker, a senior adviser to Health and Human Services Secretary Alex Azar.  “These policies will not necessarily cover the same benefits or extend coverage to the same degree, but what we do know is that there are individuals today who have been priced out of coverage because of the way the ACA has been implemented and the effects that it’s had on the market.”


More to come...

Christopher S. Kudryk
Benefits Specialist
Call: 732-333-1976
Fax:  732-444-5971

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