On March 28, 2024, the Biden administration announced it was finalizing a new rule restricting short-term health plans to a 90-day limit, extendable by one-month, effectively overturning a Trump-era policy allowing short-term health plans to be valid for up to three years. Junk insurance are misleading for consumers as these plans often lack comprehensive coverage and are not subject to many of the protections afforded by the Affordable Care Act. These plans can leave consumers with unexpected medical bills when they attempt to utilize their coverage for necessary medical care. Under the new final rule, short-term plans are also required to provide clear coverage disclaimers, helping ensure consumers are more informed about the limitations of these plans. Learn more about the final rule here. Learn more about “junk” insurance plans here.
Last Updated on March 31, 2024 by Aimed Alliance
