Becker's Healthcare August 1, 2018
HHS issued a final rule on short-term health plans Aug. 1.
Here are five things to know about the rule:
1. Americans will soon be able to buy short-term health plans that offer coverage for a longer period of time than previously allowed. Coverage can now span less than a year, and extensions and renewals can last as long as three years, depending on what states decide. Before, short-term plans could not last longer than three months.
2. HHS said the rule will help increase health insurance choices for Americans who face increasing premiums and fewer plan options in the ACA individual market. HHS Secretary Alex Azar said: “President [Donald] Trump is bringing more affordable insurance options back to the...
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