Individual Mandate Repeal Could Spur Interest in Short-Term Plans
One of the likely consequences of the repeal of the Affordable Care Act individual mandate under the tax overhaul that President Trump signed into law right before Christmas is a migration to short-term health plans.
These plans are essentially low-cost, low-coverage plans that do not comply with the ACA’s protections and benefits. They are not your typical health insurance plans, as they are only really good for catastrophic coverage and do not cover run-of-the-mill medical procedures like doctors’ visits and the cost of medications.Read More