Five insurers approved to offer short-term health plans; more coming

BPC Staff Jan 8, 2020 | 4:58 pm
1 min read time
132 wordsAll Latest News, Health and Wellness, InsuranceThe Iowa Insurance Division has approved five carriers to sell short-term limited duration health plans in 2020, and is working with several other insurers to approve their plans, the agency announced. The plans can provide an affordable health coverage option for Iowa residents who have been priced out of the market or who have failed to enroll in a marketplace plan offered through the Affordable Care Act and are not eligible for federal subsidies, Iowa Insurance Commissioner Doug Ommen said. In August 2018, changes to federal regulations extended the available length of STLD plans from 90 days to 364 days and allowed them to be renewable for a period of up to three years. The list of carriers approved to offer the plans can be found on the division’s website here.