Consumers will be able to buy plans that don’t comply with Obamacare for up to three years under a regulation issued Aug. 1 by the Trump administration.
The initial length of short-term limited-duration plans will be up to 364 days under the rule, but the plans can be renewed at the option of insurers for up 36 months, similar to plans sold to people buying coverage from former employers under the Consolidated Omnibus Budget Reconciliation Act (COBRA). The final rule will take effect 60 days from the date the rule is published in the Federal Register.
The plans typically ...
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