Here we share practical and useful insights related to the health insurance industry!
Many of us received the official news from Commissioner Dave Jones of the California Dept. of Insurance about “Prohibition Regarding Short-Term Limited Duration Health Insurance Policies.”
Now, many consumers are without coverage until their major medical becomes effective. Although it is strongly advised they seek a proper ACA compliant health plan first, there are affordable ACA exempt healthcare cost-sharing plans to help them minimize exposure.
Official Notice sent on December 10th, 2018:
Effective January 1, 2019, short-term limited duration health insurance cannot be issued, amended, sold, renewed, or offered in California. Short-term limited duration health insurance is health insurance coverage provided pursuant to a health insurance policy that has an expiration date specified in the policy that is less than 12 months after the original effective date of coverage. All agents transacting health insurance business are asked to review the attached notice.
Evidence based items or services rated A or B in the United States Preventative Services Task Force recommendations.
Recommendations of the Advisory Committee on Immunization Practices adopted by the Director of the Centers for Disease Control and Prevention.
Comprehensive guidelines for infants, children, and adolescents supported by the Health Resources and Services Administration (HRSA); and Comprehensive guidelines for women supported by the Health Resources and Services Administration(HRSA).
This is not Insurance. ACA Exempt. This is healthcare cost sharing.