Bill expands access to affordable, short-term, limited-duration health plans.
In
On
"By building on the Trump administration action,
The Improving Choices in Health Care Coverage Act expands the duration and utility of these plans. Specifically, it would:
1. Define short-term plans in law to allow a maximum coverage period of 364 days
2. Make the plans "guaranteed renewable" at the option of the applicant
With these two standards in place, short-term limited-duration plans would be a viable option for health insurance coverage for that is free from Obamacare's regulations. Including a definition of the plans' coverage period in the law guards against a future administration shortening their duration through regulation. Making the plans guaranteed renewable means if people want to stay in their plan, they can renew it without going through the whole application process again or being dropped from their plan.
The recently passed Republican tax law included what amounts to a repeal of Obamacare's individual mandate. This allows people to buy these non-compliant plans without being forced to pay a penalty because Obamacare doesn't deem them good enough.
Read this original document at: https://www.barrasso.senate.gov/public/index.cfm/news-releases?ID=8E5F925F-7585-4385-B68A-D85F02FE5FDC
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