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Analysis

Short-term insurance policies driving higher costs, coverage gaps

While healthier people might opt for STLD policies to save money on premiums, they could be in for some substantially higher costs if they get sick.

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Medical bill and stethoscope STLD policies come with coverage limits that also aren’t allowed under the ACA, meaning that consumers could end up on the hook for substantial bills.

People who turn to short-term, limited-duration health policies rather than purchasing coverage required by the Affordable Care Act to meet standards in types and levels of care provided could be in for a rough ride, both financially and in terms of available care.

That’s according to a research report from Milliman, which analyzed how the expansion of STLD policies and other regulatory action have affected enrollment levels as well as how much patients pay in premiums and medical costs.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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