4 Health Insurance Changes You Will See in 2019

SYDNEY FRAZER | October 4, 2018

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In the past, short term health plans, which are not compliant with the Affordable Care Act’s (ACA) regulations, could only be offered for up to three months. These plans aren’t required to, and typically don’t, cover certain benefits, like maternity care or mental health. Short term plans were primarily bought by people who found themselves in unexpected coverage gaps (e.g., they lost a job) and wanted some extra financial protection until they could enroll in a new health plan. This is one of the health insurance changes you will see this year. The Centers for Medicare and Medicaid Services (CMS) recently announced that short term plans can now be used for up to 12 months, with the possibility of renewing for up to three years. These plans will be significantly less expensive than standard, ACA-compliant plans because they don’t cover basic benefits and insurers don’t have to sell them to people with pre-existing medical conditions. Certain states, like New York and Vermont, have passed legislation that does not allow the sale of these short-term plans.

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CIB is part of the PIB Group of Companies and is a leading provider of General Insurance Broking Services. CIB is committed to providing Insurance solutions and client service by employing outstanding individuals with a wealth of knowledge, qualifications and experience in the market. CIB prides itself in understanding that we work for “you” and our culture has always been client focused. Our Clients value our integrity and trust us to take care of their insurance requirements.

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