Short-term health insurance plans just made a comeback after the latest move by the Trump administration. Consumers will soon be allowed to enroll in the cheaper, less comprehensive health plans for up to 3 years.
There is some good news coming out of Washington, specifically for health insurance consumers. On Wednesday, the House passed 2 bills that loosened regulations on HSAs and delayed the Obamacare tax.
President Trump has halted payments to health insurance companies, breaking ties with the risk adjustment provision that was put in place under President Obama. Insurers are now warning that health insurance consumer premiums will spike.
President Trump and his administration have outlined their plan to provide more affordable health insurance options for small businesses and self-employed individuals by expanding Association Health Plans.
President Trump and his administration are looking to expand senior coverage through Medicare Advantage and Supplemental plans. Seniors may soon get access to healthier food options, and even air conditioning to improve health.