Posted 3/28/2024, 9:02:54 AM
Biden Administration Cracks Down on Misleading Short-Term Health Plans
- New rule cracks down on short-term "junk" health insurance plans that mislead consumers and result in surprise medical bills
- Rules restrict short-term plans to 3 months with limited extensions, require clearer disclosures on coverage
- Aims to limit scam plans that have low benefit caps, no pre-existing condition coverage
- Part of Biden administration's broader effort to lower costs for consumers
- Also pressuring companies to cut junk fees in areas like travel, tickets, credit cards