New 90-day maximum term for short-term plans
May 15, 2017
In late 2016, the Department of the Treasury, Department of Labor, and Department of Health and Human Services announced new rules for interim or short-term medical plans. Starting April 1, 2017, these plans will have a 90-day maximum term.
When the 90-day term is up, members can reapply, but their deductibles and other benefits will start over again. Certain other rules may also apply, depending on the state, as outlined here.
This change in benefit term does not apply to members on short-term plans with effective dates before April 1, 2017.
Our short-term medical plans are offered though The IHC Group, a trusted partner who’s been selling these plans for more than 20 years. A short-term plan may be a good option for an Individual client who:
- missed the open enrollment period
- is a new hire with a waiting period
- is waiting on an Affordable Care Act plan to take effect
This article applies to:
- Colorado
- Individual (under 65)
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