Short-Term Insurances Changes and What It Means for You

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Short-Term Insurances Changes and What It Means for You

Short-Term Insurance Changes and What It May Mean for You by Steven Gilbert Health Insurance

To all of my current clients, I hope you are enjoying a great summer with your families. Please remember to check out our gap products on my website under Insurance Services. I have a variety of options you may not be aware of including things like Travel Insurance, Critical Illness Insurance, and Student Health Insurance just to name a few.

In other news, the Trump administration has given its blessing for short-term insurance policies to be extended for up to 12 months! If the bill proposed by the administration passes, it would be great news for people that have or need extended short-term insurance while in between jobs or for a host of other reasons.

There is however, opposition to this new option. Those who oppose it believe that many healthy people may move over to short-term health insurance from Obamacare, thus lessening the pool of healthy clients on Obamacare and state run exchanges. This reduction in healthy Obamacare policyholders has the potential to raise prices for the program even higher.

However, for states that accept the Trump administration’s proposal to extend short-term health insurance, residents in those states may have the option to select extended short-term health insurance plans that may be more in line with their personal needs.

If you or someone you know has a short-term insurance policy that is reaching an expiration point, give me a call to discuss your options. I have been pulling together quotes for small group business insurance and might have some options that will be a good fit for you. Contact me today to discuss the best medical plans for you and your family.

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