Fact Based List:
Think Advisor: 5 More Things to Know About the New Short-Term Medical Final Regs
Submitted by Anonymous on Fri, 08/17/2018 - 11:57
- Short-term medical insurance could end up in an interesting horse race with Affordable Care Act public exchange plan coverage.
- Short-term medical insurance distributors are predicting that they’ll have the capacity to meet any surge in demand that materializes as a result of the lifting of the duration cap.
- The changes could affect premiums and underwriting rigor for some short-term medical insurance products.
- Users of sort-term care insurance cannot use ACA premium tax credit subsidies to pay for the coverage today — but they might be able to use ACA subsidy money for that purpose in the future, if states
- Short-term medical insurance may lack many of the features of major medical insurance, but it is much, much cheaper.
Source: Think Advisor
Source URL: https://www.thinkadvisor.com/2018/08/02/5-more-things-to-kno...
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