Under Obamacare, these plans could only last three months, and they could not be renewed. The executive order—and the new rules federal agencies create as a result—might make them last up to a year and be renewable. In essence, people could start to use these short-term plans as their actual health insurance. Is that so bad? To find out, I decided to compare what I’d be getting if I signed up for an Obamacare-compliant plan, complete with all the benefits and costs, versus a short-term plan that, if the federal government changes the rules, I could have as my new, ultra-low-cost health insurance. (This is a highly theoretical exercise, since like half of all Americans I get health insurance through work. Thanks work!) First, I went to the Kaiser Family Foundation’s Health-Insurance Marketplace Calculator to find out what Obamacare plans I’d be eligible for. (After November 1, when open enrollment starts, if I was doing this for real I’d go to Healthcare.gov.) I entered my real zip code, but I input an older age—51—in order to better replicate the experience of a truly pinched Obamacare customer. (On Obamacare, higher rates are determined by age, not health status.) According to the tool, a middle-grade Silver plan would cost me $450 each month in premiums. “People who enroll in that plan and get surgery are not going to have the coverage they need.” That’s a lot.
For the original version including any supplementary images or video, visit https://www.theatlantic.com/health/archive/2017/10/short-term-health-insurance/543192/
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