«

»

Short-Term Health Plans Are Cheaper but Cover Less

Consumers will have more options to buy cheaper, short-term health insurance under a new Trump administration rule, but there’s no guarantee the plans will cover preexisting conditions or provide benefits like coverage of prescription drugs. Administration officials said Wednesday the short-term plans will last up to 12 months and can be renewed for up to 36 months. With premiums about one-third the cost of comprehensive coverage, the option is geared to people who want an individual health insurance policy but make too much money to qualify for subsidies under the Affordable Care Act (ACA). “We see that it’s just unaffordable for so many people who are not getting subsidies and we...

Read the full post at The Commonwealth Fund
Vote This Post DownVote This Post Up (No Ratings Yet)
Explore the Archive