Comments on Model 171, definitions of “Short-term, limited-duration health insurance
Summary
The NAIC Consumer Representatives provided comments on Section 8, Subsection H of the Model Regulation to Implement the Accident and Sickness Insurance Minimum Standards Model Act (#171). They emphasized the need for stringent standards for short-term, limited-duration health insurance plans to protect consumers. Key recommendations include defining these plans clearly, ensuring they meet state benefit and coverage requirements, setting limits on coinsurance and out-of-pocket maximums, and prohibiting misleading marketing. The representatives also stress the importance of clear communication about plan duration and conditions for renewal, as well as strict rules against cancellation or rescission without proper notice and valid reasons.
