The Trump Administration released a final rule on short-term, limited-duration health insurance plans (STLDI), also known as short-term plans, on August 1, 2018. This new rule eliminates the Obama Administration's policy limiting the duration of short-term plans from a maximum of three months and restores it to less than 12 months. This new rule also adds the ability to renew the policy at the end of the term for up to 36 months, at the discretion of the insurance company.
There is no doubt that the ease of access to information on the Internet, the legislative climate of the past decade, and the rising cost of health care has spurred a movement of consumerism in the patient care system. There is a clear lack of trust in the U.S. health care system that is adding fuel to the consumerism fire. According to a Gallup poll, the overall average of Americans with a high confidence level in 14 different U.S. institutions is below 35 percent for the fifth year in a row. The confidence level in the medical system is at 39 percent, while only nine percent of people stated the had “a great deal” or “quite a lot” of confidence in Congress.
After the Open Enrollment Period ends, you can enroll in an insurance plan on or off the Marketplace only if you qualify for a Special Enrollment Period. You can qualify for an SEP if:
you have a qualifying life event like having a child, getting married, or losing qualifying health coverage; OR
you have a complex issue discussed on this page.
Open Enrollment is your window each year to enroll in health insurance or change your plans. You definitely do not want to miss this opportunity to secure an insurance policy for the next year. However, sometimes life happens, you procrastinate a little bit too long, or you simply just forgot to enroll in a plan and now Open Enrollment has ended. The good news is you can still get coverage but your options may be limited.
The Affordable Care Act (ACA) allows for Special Enrollment Periods if you have a qualifying event. You can also enroll in short term, limited medical, gap plans, Medicaid, CHIP, and cost-sharing ministry programs anytime throughout the year if you qualify for those plans. Let's take a deeper look into these options.