Short-Term Health Plan Gaps and Limits Leave People at Risk
Consumers buying coverage during this Affordable Care Act (ACA) open enrollment season will face a more complicated shopping experience. Products marketed as lower-cost alternatives come with a catch: many offer far less coverage. Because of recent moves by the Trump administration, insurers in most states can now sell "short-term" plans that provide coverage for just under 12 months. In many states, insurers can renew the plan twice, for a total of almost three years of coverage.
In a new To the Point post, Dania Palanker, JoAnn Volk, and Kevin Lucia of Georgetown University’s Center on Health Insurance Reforms explain that health plan coverage gaps may not be apparent in marketing materials or easily understood by consumers. “The lack of critical plan information when enrolling marks a return to the way people bought coverage prior to the ACA, when there was no way to easily compare plans or understand the full scope of coverage,” the authors write.
ripped umbrella with lack of coverage_1x1 Read the post Short-Term Health Plan Gaps and Limits Leave People at Risk