Indiana Department of Insurance offers information for Hoosiers on short-term health plans and the changes effective July 1.
The Indiana Department of Insurance provides the following information for Hoosiers who are currently enrolled in, or are considering, a short-term health insurance plan. Under current Indiana law, a short-term plan can be no longer than six months. It also may not be renewed. However, this law will change on July 1, 2019.During the 2019 Legislative Session, the Indiana General Assembly passed HEA 1631, which makes several changes to the current law. Starting July 1, 2019, a short-term plan may be renewed for up to 36 months, may be issued for a term of 364 days or less and has an annual benefit limit of $2 million dollars. In addition to other requirements, a short-term plan is required to provide coverage for ambulatory patient, hospitalization, emergency, and laboratory services.A short-term plan is a type of health insurance that is designed to cover a gap in your health care coverage during a time of transition. For example, a short-term plan might be used to cover you while you are in between employers. There are some differences between short-term plans and ACA plans. Hoosiers should review insurance plan options to ensure it meets their budget and health needs If your plan was issued on or before June 30, 2019, the new law will not apply. Your policy will be subject to the current law, which means it can be no longer than 6 months and may not be renewed. However, your plan cannot continue once the policy term has ended. Plans that comply with the new law will be available in summer of 2019. Questions regarding short-term plans should be directed to [email protected].
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