People who don’t get insurance through their jobs will now be able to buy short-term policies that may be cheaper than Affordable Care Act coverage. These plans won’t have to cover as many medical services and are exempt from covering people with pre-existing conditions.
The departments of Health and Human Services, Labor and Treasury announced new rules Wednesday that make it easier for consumers to replace ACA insurance with these short-term policies.
The policies were originally limited to three months, but they can now last up to a year, and be renewed to last as long as three years. The plans have been a priority of President Trump, who says he wants consumers to have access to cheaper health insurance.
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