Monday, 10 Dec 2018
News

Short-term insurance plans are attractive and inexpensive alternatives for people in good health


Proponents of the country's health law condemn them. Some states, including California and New York, have banned them. Other states limit them. But for some insurance brokers and some consumers, short-term insurance plans are an attractive and inexpensive alternative for people in good health. Now, with the new federal rules allowing short-term plans of up to three years, agents explained, some consumers are opting for these riskier policies. In addition to the call, eliminating a tax penalty for people without comprehensive insurance beginning next year. Short-term health plans often exclude people with pre-existing conditions and do not cover services prescribed by the Affordable Care Act. Gene Ferry, a 66-year-old Colorado resident, recently purchased a short-term health plan for his wife, Stephanie, who will become eligible for Medicare when she turns 65 in August. The difference between the monthly premium price of his new cheaper scheme through LifeShield National Insurance and the policy that he had subscribed with the ACA is $ 650. "This is obvious," said Ferry, who views ACA as "atrocious" and supports President Trump's efforts to cut costs. "I was paying $ 1,000 a month and I was fed up." He enrolled his wife on a three-month plan and said that if she was still healthy in January, he would buy another one for a month. six months. But Ferry, who is covered by Medicare, said that if anything happened to him before the end of the open registration – which in Colorado in January – he would buy a policy through the exchange.
Neena Moorjani, a resident of California, said she wanted to buy a short-term plan, but that they are now banned in the state. "I would like to have the freedom to choose which health care insurance is best for me," she says. (Courtesy of Neena Moorjani)) The value of short-term projects is being "politically manipulated," said Dan Walterman, owner of Premier Health Insurance of Iowa, who offers such policies. "I think people can make their own choices." Walterman, 42, said he had chosen a short-term policy for himself, his wife and their 3-year-old daughter at one-sixth the price of a more comprehensive insurance. "The plan is not suitable for everyone, but it works for me," he said, adding that he was entitled to accident coverage, but that he "n & rsquo; did not need maternity care or prescription drugs. Essentially, short-term plans cost less because they cover less. Claire McAndrew, campaign and partnership director for Families USA, a consumer advocacy group, explained Claire. "People may see a low premium on a short term plan and think it's a good option," she said. "But when people will actually use a short-term plan, they will not pay for much of their medical bills." may exclude people with pre-existing conditions, such as cancer or asthma, and often does not cover the "essential benefits" required by health legislation, including maternity care, prescription drugs, or treatment of drug addiction. They may also have caps on what they will pay for any type of care. Insurers offering such plans may choose to cover – or not – what they want. "Democrats condemn them as" junk plans ", but the adequacy of the health plan is in the eye of the beholder," said Michael Cannon, director of health policy studies for the libertarian Cato Institute. "The only junk insurance is a plan that does not pay as promised." The plans were originally designed to fill short gaps in insurance coverage for market individuals. When the ACA came into effect, the Obama administration limited the short-term projects to three months, but the Trump administration this year brought this deadline to 364 days, with possible extensions that could go up to three years. Critics fear that healthy people will abandon the ACA-compliant market to buy cheaper short-term plans, leaving sick people in their insurers' risk pool, which would increase his clients. But some agents said that policies could be beneficial for healthy people when they made a transition from one job to another, that they were close to each other. eligibility for Medicare or that they were going to college – despite significant limitations. "It's hard to encourage these people to spend hundreds of extra dollars on a health insurance plan they rarely use," said Cody Michael, director of client services and broker for Independent Health Agents in Chicago. . Michael added that agents also receive a higher commission on the plans, which makes them more likely to sell them. But he advises clients that if they have a chronic illness, they may be denied for coverage. "It's an assurance of the old world," he said. "You have to be fundamentally healthy." Dania Palanker, assistant research professor at the Georgetown University Health Insurance Reform Center, said the pre-existing conditions were not always well understood or explained. It may be that a person discovers too late that it is not covered, for example, in case of a brain attack because an old blood test showed that it had high cholesterol. Ryan Ellis, a 40-year-old lobbyist and tax preparer in Alexandria, Va., Who is considering a short-term plan for himself, his wife and three children, said his decision would be made "very deliberately, with my eyes wide open, knowing the pros and cons. Some officers indicated that they offered the short-term plan as a last resort. This is only after warning clients that, if they suffered an accident or became ill, they might not be able to renew their plan. This means that they could be stuck without insurance while waiting for the next free registration period. "They could really be hurt," said Eric Smith, insurance agent in Colorado. "It's only a time bomb." Roger Abel, of Marion, Iowa, said he was willing to take the risk. He has a short-term plan for his 2-year-old daughter. Abel said he was paying him about $ 90 a month, against more than $ 450 that he would have paid for full coverage. He and his wife have a separate policy from before the ACA's effect. But Abel, who is an investment advisor, has a backup option. He added that he could still create a group health plan as part of his business, which would give his daughter more protection. Neena Moorjani, 45, said she wanted to buy a short-term plan but could not because she was living in California, where she was banned under a law signed by Governor Jerry Brown ( D) this year. Moorjani, a tax preparer in Sacramento, said she rarely gets sick and does not need an ACA plan. She opted for a religion-based health coverage known as a Christian ministry plan. These cost-sharing programs use membership dues to pay other people's medical bills. Such programs are not regulated by government agencies and may not cover pre-existing conditions or preventative care. When California banned short-term projects, "I was really very angry," said Moorjani. "I would like to have the freedom to choose which health insurance is best for me." – Kaiser Health News Kaiser Health News is a non-profit news service and an independent editorial program of the unaffiliated Kaiser Family Foundation at Kaiser Permanente. Learn more Premiums for the first wave of health insurance ACA For millennia, a regular visit to the doctor is not a big problem. The Trump administration is expanding the number of short-term and insufficient health care plans.

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