Monday, March 13, 2017

SHORT TERM PLANS ARE CHANGING

Short Term Medical plans are changing April 1, 2017 to allow only less than 3 months coverage per Federal regulations.  In November 2016 HHS announced new regulations effective January 1, 2017, however, they delayed enforcement of these regulations until April 1, 2017.  Short Term plans effective on or after April 1 will be required to comply with this reduced term length.

The good news is if you currently have a Short Term plan you will be able to complete the term length
you applied for as long as the end date is no later than Dec. 31, 2017 and you continue to make your premium payments. However, if your coverage is scheduled to end on or after April 1, 2017, you may be left with limited options.

For anyone not yet covered by a Short Term Medical plan, there is still time to apply. You must apply and have an effective date of no later than March 31, 2017 to be eligible for a Short Term plan with a coverage term longer than 3 months.  However, the Short Term plan must end no later than Dec. 31, 2017.

Every situation is unique. It is important to understand all of your options so you can make the best decision for your health insurance needs. Since enforcement of these regulations does not take effect until April 1, there is still time to explore potential actions that could be taken now. Contact us, here at AFFINCON, or your health insurance professional to discuss options available.

4 comments:

  1. Publicación informativa de hecho, estoy entrando y saliendo leyendo publicaciones regularmente. ya que brindamos un plan de salud a precios asequibles. para obtener más información, visite nuestro sitio web poliza de seguro medico

    ReplyDelete
  2. Just wanted to say I love reading your blog. as we provide Compare Best Medical Insurance Plans at affordable prices.for more info visit our website.

    ReplyDelete
  3. The post you have shared here about short term plan is really informative as it contains some best knowledge which is very essential for me. Thanks for posting it. Keep it up. health plans Tampa

    ReplyDelete
  4. Got some wonderful knowledge from this post. I got some great information about short term plan from the article you have published in this post. Keep Posting . obama care insurance plan miami

    ReplyDelete