Biden administration finalizes rule limiting use of short-term health plans
The Biden administration announced Thursday that it has finalized a new regulation that curbs the use of short-term health insurance plans that do not comply with the Affordable Care Act, reversing the Trump administration's move to give consumers greater access to cheaper but more succinct services. plans.Under the new rule, short-term plans will only be able to last 90 days, with consumers being able to extend a one-month extension.In 2018, the Trump administration issued a rule that allows plans to last just under a year, with the possibility of renewing them for a total duration of up to three years. Previously, under Obama-era policy, plans could last no longer than three months.The plans, often with lower premiums than those on Affordable Care Act marketplaces, do not have to c...