Short-Term Plans: Affordable options for America’s uninsured

  • Greg George

In October 2018, millions of Americans gained access to more affordable options as a result of rules issued by the Trump administration.

Short-term plans are temporary insurance plans that provide health coverage for individuals and families for a limited period. Short-term plans can be purchased at any time, unlike other plans available on the individual market which restrict enrollment to open enrollment periods or following a life-changing event. Coverage usually begins within a few days compared to other medical coverage that can take several weeks to begin. Because short-term plans are not subject to all of the same federal regulations as plans in the individual market, premiums are far more affordable and insurers can offer more customized choices.