New 12 Month Plans Renewable Up To 36 Months Similar To COBRA Coverage*
One of the major promises of the Trump administration was an overhaul to the existing ACA structure to make health insurance more affordable for the average American. Going hand in hand with this, effective August 3rd 2018, insurers were cleared to offer short term health plans for up to 12 months once again.
And now, some insurers can begin offering renewal on those plans for up to 3 years. The decision from the Department of Health and Human Services was reached by making the analogy to COBRA – allowing workers to retain coverage after losing their job.
*Disclaimer: Plans and coverage may differ from state to state and carrier to carrier.*
The new rules announced by the departments of Health and Human Services state policies no longer have to meet the Affordable Care Act’s protection and coverage requirements. Consumers can now purchase health insurance with-out, the required non-essential health benefits, such as maternity coverage and mental health care.
These plans will not be available on the Affordable Care Act health care exchanges.
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As more information becomes available and more plans begin to be offered, we’ll be at the forefront of the ever-evolving health insurance world. Contact us now to receive the latest plans and options from the health insurance experts at Custom Health Plans, and take advantage of our dedication to getting you the best health insurance in Texas at the best price.