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Showing posts from September, 2016

Short-Term Health Plans Limited To Three Months?

The government is considering placing limits on short-term (temporary) health insurance plans. This could go into effect on January 1, 2017 and would limit the enrollment in short-term plans to around 3 months maximum with no renewals.  From CNBC...

Federal officials Wednesday moved to improve the financial outlook of Obamacare insurance plans by calling for limits on increasingly popular short-term health plans that are siphoning off healthier customers from coverage sold both on government marketplaces and outside those exchanges. The government's move would limit short-term health coverage for an individual to less than three months each year and bar renewal, as opposed to the almost 12-month term that some of those non-Obamacare-compliant plans are offering, along with a chance to renew. The proposed rule, one of several moves announced Wednesday, is designed to nudge those healthier customers now in short-term plans into Obamacare plans sold on and outside of government-run e…