Pivot Health Expands Its State Availability Footprint as Trump Administration Readies to Release New Rules on Short Term Health Plans
The product release is just ahead of the Trump administration's signal that they plan to increase the coverage duration of short term plans from 90 days to nearly 12 months. The Obama administration had limited STM plans to 90 days of coverage for a single plan.
Before the Obama administration rule that restricted all states to 90 days, 35 states had allowed 364 days of coverage, while 10 other states limited coverage to six months in most instances. Five states ā
Most plans available from
"In states where short term health insurance is not allowed, some consumers will be forced to make a difficult decision ā go uninsured or buy an Obamacare plan that will bust their budget. Both choices lead to economic ruin. Not allowing short term insurance for temporary life situations such as job loss, moving out of state, aging of a parent's plan, divorce or being stuck in an employer waiting period is extremely unfair to consumers who unwillingly will have to pay extremely high insurance premiums or go uninsured."
Despite the perception that COBRA is an alternative for all those who lose job-related coverage, those who work at firms with less than 25 employees are not eligible, Smedsrud said.
Based on a recent Gallup poll survey, the uninsured rate in
A study by Covered California, the state's health exchange, points to nearly 90 percent premium increases in many states over the next three years.
"The number of Americans buying short term health plans is expected to double or even triple during this year according to experts and government agencies. This simple fact should send a loud message to lawmakers of both political parties:Ā People want health insurance," concluded Smedsrud.
About
Launched in 2016,
Editor's Note:
STM plans may exclude individuals with pre-existing conditions or have may waiting periods for coverage. Certain health care services may not be covered.
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