In its attempts to eliminate Obama-care (the Affordable Care Act), the Trump Administration is allowing the sale of Short-term, Limited Duration Health Insurance. These policies became available on October 1, 2018.
This is a type of
health insurance
coverage that was primarily designed to fill gaps in coverage that may
occur when transitioning from one plan or coverage to
another plan or coverage, such as in between jobs.
They are stop-gap policies for up to one year that can be renewed up to 2 times.
The policies
- provide minimal coverage
- cover fewer services than the ACA
- have big deductibles (what patient needs to pay before any insurance pays)
- pay only half the bill after the huge deductible.
You may end up paying plenty in premiums but never be able to collect on the insurance, even when you have valid expenses.
Before you consider such a policy, read the Kaiser Family Foundation's analysis:
Understanding Short-Term Limited Duration Health Insurance
https://www.kff.org/health-reform/issue-brief/understanding-short-term-limited-duration-health-insurance/
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