New Ruling by the Biden Administration:
Beginning 9/1, Short Term Health Insurance plans (non Affordable Care Act plans) contract terms are limited to no more than three months, and the maximum coverage period to no more than four months, including renewals or extensions. These policies cannot be sold or renewed by the same issuer, or any issuer that is a member of, to the same policyholder within a rolling 12-month period. The maximum duration will apply for policies sold, or issued, on or after September 1, 2024. Policies sold or issued before September 1, 2024 (including any subsequent renewals or extensions) may continue to have up to 36 months during.
What does this mean?
I will be contacting you via email and text if you will be affected by this new ruling and we will look at options to ensure that you will have health insurance without a lapse in coverage.
Please contact me with any questions 480-650-0018.
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