Washington, D.C. – Today, the Departments of Health and Human Services, Labor and the Treasury finalized a rule on short-term, limited-duration insurance plans that will increase coverage and patient options. The Foundation for Government Accountability (FGA) commends these agencies for their commitment to restore more robust health insurance choices for patients
Short-term plans can be a good option for individuals that would otherwise not have access to health care coverage. The additional enhancement of limited renewability makes these plans a viable option for individuals while still respecting the regulatory role of states.
“Today, the Trump administration took yet another step towards its promise to change rules that have prevented more affordable health insurance options for Americans. This rule means real relief and dramatically lower-cost health insurance for those struggling with high individual premiums as a direct result of Obamacare. It also provides an affordable, year-round option for the vast majority of the uninsured, who often are without coverage for less than two years,” said Tarren Bragdon, CEO and President of FGA. “The new rule balances bringing more options into the market with appropriate disclosures to potential buyers that might otherwise have no other affordable coverage options.”
The Foundation for Government Accountability (FGA) is a non–profit, multi–state think tank that specializes in health care, welfare, and work reform. To learn more, visit TheFGA.org.