Buyer Beware: New Cheaper Insurance Policies May Have Big Coverage Gaps

If you’re looking for cheaper health insurance, a whole host of new options will hit the market starting Tuesday. But buyer beware! If you get sick, the new plans – known as short-term, limited duration insurance — may not pay for the medical care you need. “These are a niche product, always have been,” says Doug Badger, a visiting fellow at the conservative Heritage Foundation in Washington, and a senior fellow with the Galen Institute. “It’s simply another choice for consumers that for many is more affordable than the other products available,” he says. Short-term health insurance isn’t entirely new….

Read More »