Sen. Alexander Issues Statement Expanding Short-Term Health Insurance Plans
Targeted News Service
WASHINGTON, Aug. 1 -- The office of Sen. Lamar Alexander, R-Tennessee, chairman of the Senate Health, Education Labor and Pensions Committee, issued the following statement on the Trump administration's final rule to expand the availability of short-term health insurance plans:
"Millions of Americans who are between jobs and who pay for their own insurance will welcome this extended option for lower-cost, short-term, renewable policies. During the 1990's, Congress gave states this authority to offer short-term plans, and during most of the Obama Administration short-term plans were available for up to 12 months.
"States will have the option to offer these policies or not, and will have the responsibility to make sure these policies benefit consumers."
This rule from the Department of Health and Human Services does not require congressional action to go into effect. According to the Department, these short-term plans could be available in 60 days in states that choose to exercise that option. The rule allows consumers to buy plans providing coverage for any period of less than 36 months, rather than the current federal maximum period of less than three months.
Atlantic hurricane season looking less active with El Niño brewing in Pacific
Voya Financial Paves Path to Financial Wellness with New Digital Experience
Advisor News
- What advisors need to know about the life settlement boom
- Report: Many Americans paying up to 45% of annual income on auto loans
- Latest state budget raises taxes on Californians, ignores voter priorities
- What advisors and clients must know about Roth conversions
- Worker retirement confidence dips to lowest level in a decade
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
More Annuity NewsHealth/Employee Benefits News
- Largest Medicaid pediatric provider sues DeSantis administration over pay rates
- Research Conducted at University Medical Center Munster Has Updated Our Knowledge about Transgender Health (Longitudinal Trends of Health Service Utilization for Gender Dysphoria In Germany Between 2010 and 2021 Based On Health Insurance Data): Health and Medicine – Transgender Health
- Karnes County renews employee health insurance benefits
- Fresno’s Community Health System and Blue Shield end stalemate, reach new agreement
- Goliad council delays engineering decisions, approves employee health plan renewal
More Health/Employee Benefits NewsLife Insurance News
- Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
- Avoid the ‘summertime slump:’ Strategies to remain productive
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
- Royal Neighbors of America achieves record growth
More Life Insurance News