Under New Rules, Cheaper 'Short-term' Health Care Plans Now Last Up To 3 Years
A new Trump administration rule allows consumers to buy health care plans that are exempt from certain Affordable Care Act rules — and therefore cheaper.
People who don't get insurance through their jobs will now be able to buy short-term policies that may be cheaper than Affordable Care Act coverage. These plans won't have to cover as many medical services and are exempt from covering people with preexisting conditions.
The departments of Health and Human Services, Labor and Treasury announced new rules Wednesday that make it easier for consumer to replace ACA insurance with these short-term policies.
The policies were originally limited to three months, but they can now last up to a year, and be renewed to last have been a priority of President Trump who says he wants consumers to have access to cheaper health insurance.
