The Biden-Harris Administration has taken significant steps to fortify health insurance protections for American families. One major initiative is cracking down on so-called “junk insurance” plans that will impose limits on health coverage, with the rule going into effect on September 1st. The new rulings are aimed at ensuring that health plans offer genuine, comprehensive coverage.
If you want to secure a PPO plan and not have to worry about the unknown, make sure to contact us before September 1st.
Key Highlights:
Under the new rule, short-term health plans will now be limited to three months, with a possible extension to four months. Previously, these plans could extend up to three years, but not will be limited to 3-months, ensuring that short-term coverage is used to fill a temporary gap between two comprehensive policies, rather than serving as a long-term coverage solution.
At First Family Insurance, we offer a variety of strong short term insurance plans that can suit your needs.
Health insurance plans must now provide clear disclaimers outlining what services are covered and the extent of the coverage. This ensures consumers have a real understanding of their health plan.
If you want to secure your coverage outside of the marketplace, your deadline is Sept 1, 2024.
Contact us today to secure coverage prior to the deadline.
If you want to lock in coverage so you don’t have to rely on the marketplace, contact us before September 1st.
Get the coverage you deserve. Contact First Family Insurance today for a free health insurance quote.
Under the new guidelines, protections against bad insurance are strengthened, reducing the risk of families encountering hidden fees and unexpected bills. These actions help eliminate scam insurance plans that offer very little real coverage, ensuring that consumers are not left vulnerable.
The administration remains committed to enhancing the Affordable Care Act (ACA). The ACA has been instrumental in providing affordable and high-quality health insurance to millions of Americans.
It also includes vital protections for individuals with pre-existing conditions. Previous efforts to undermine the ACA allowed insurance companies to exploit loopholes, offering plans that reduced essential consumer protections.
As cited by whitehouse.gov, instances, where families were burdened with massive medical bills due to junk plans emphasize the necessity of these new rules. For context, “junk plans” are Fixed Indemnity Limited Medical plans that are advertised as Major Medical, but do not have a Maximum Out of Pocket. This leaves consumers exposed to high medical bills due to the limited benefits that the Fixed Indemnity plans offer.
For example, a Montana man faced $43,000 in health care costs due to his insurance plan denying coverage for cancer treatment, citing it as a pre-existing condition.
Similarly, a woman in Pennsylvania was hit with nearly $20,000 in bills for an amputation that her plan refused to cover.
The administration’s measures contrast sharply with recent budget proposals from House Republicans, who have supported reversing these protective actions.
Their plan aims to cut $4.5 trillion from the ACA and Medicaid, potentially stripping coverage from over 45 million people and removing critical consumer protections.
Ensuring compliance with these new rules is critical. Health plans must adhere to the new guidelines, providing clear information to consumers about policy limitations and coverage. This transparency helps consumers make informed decisions about their health care.
With the new regulations, ensuring you have reliable and comprehensive coverage has never been more important. At First Family Insurance, we’re here to help you navigate these changes and avoid the pitfalls of inadequate health insurance. Our knowledgeable team is dedicated to finding you a plan that meets your needs, providing security against unexpected medical expenses.
Protect your family from junk insurance. Contact First Family Insurance today to explore your coverage options.