State approves two short-term health insurance vendors
The Iowa Insurance Division has approved the sale of short-term limited-duration health insurance policies up to 364 days to Golden Rule Insurance Co. and United States Fire Insurance Co. Golden Rule’s product is renewable for up to three years. The insurance could be available in the next few months. The state is working with several other carriers who are interested in entering the market to sell short-term limited-duration policies in Iowa. The division set minimum standards for benefits earlier this year.
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