ShortAss Plans

via KOLO 8:

New law clearly separates short term limited medical plans from Health Link

RENO, Nev. (KOLO) - Broker Alex Sampson is busy these days helping local residents connect with a health insurance program through Nevada Health Link.

But just seven days ago, a new law went into effect here in Nevada which may make the process less confusing for consumers looking for health care insurance coverage on their own.

The law impacts short term limited health medical plans. These are plans which provide very limited coverage for one year only to customers and could be confused with policies on Health Link.

“They are being advertised as extremely affordable plans,” says Janel Davis, Health Link Communications Officer. “But again when they go to use those plans and they go to the hospital for example, what they are finding out; what they need health wise is not covered,” says Davis.

via the New Jersey Dept. of Banking & Insurance:

NJ Department of Banking and Insurance Cautions Residents Shopping for Health Insurance Against Health Plans that Do Not Provide Comprehensive Coverage

  • Warning Follows Action Against Aliera, Trinity for Using Deceptive Practices and Misleading Consumers

TRENTON — New Jersey Department of Banking and Insurance Commissioner Marlene Caride today urged residents shopping for health insurance this open enrollment period to be aware of health plans with limited coverage that – unlike the health plans available at Get Covered New Jersey, the state’s official health insurance Marketplace – do not cover basic services and pre-existing conditions.

 

Back in June 2016, the Obama Administration rightly clamped down on "Short-Term Plans", limiting them to, you know, a "short term"...no more than 3 months out of the year, while also making them non-renewable; that is, you couldn't get around the 3-month limit by simply renewing the policy every three months: