On August 2, the Trump administration issued a proposed rule allowing the sale of short-term, limited-duration health insurance plans, also known as short-term plans. The new rule extends the renewal period for short-term plans up to a year, a change from the previous Obama-era policy of letting them last only up to three months. It also allows these plans to be extended for up to 36 months.
The longer renewal period will give Americans more options to determine the length of their healthcare policies, at least until they can find a longer-term plan that better suits their needs. This is yet another step in the Trump administration’s plan to undermine rigid Obamacare rules so that working families have better health insurance choices available.
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