The Biden administration has recently proposed new rules aimed at providing more comprehensive coverage for individuals who rely on short-term health insurance as they transition between different insurance plans. Under the proposed rules, short-term health insurance coverage would be limited to four months, and insurance providers offering temporary health insurance would be required to clearly explain what is included and what is not included in their coverage.
Currently, around 1.9 million Americans are enrolled in short-term health insurance plans. These new rules seek to ensure that these individuals have access to more transparent and comprehensive coverage. Despite the changes, individuals currently enrolled in short-term plans will be able to renew their policies according to the terms of their existing plans.
The Biden administration’s proposed rules aim to strengthen regulations around short-term health insurance and protect consumers from inadequate coverage. These rules are expected to take effect in 60 days and will provide more clarity and protection for individuals relying on short-term health insurance plans. Overall, these changes represent a positive step towards ensuring that all Americans have access to affordable and comprehensive healthcare.
