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SB 1240 - Authorizes Short-Term, Limited-Duration Health Insurance - Virginia Key Vote

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Title: Authorizes Short-Term, Limited-Duration Health Insurance

Vote Smart's Synopsis:

Vote to override a veto of a bill that authorizes health insurance carriers to provide short-term, limited-duration health plans.

Highlights:

 

  • Requires all health carriers in the state to sell or offer short-term limited-duration health plans (Sec. 1).

  • Defines “short-term, limited-duration health plan” as a plan that has an expiration date specified in the contract, policy, or plan that is less than 12 months after the original effective date and does not exceed 36 months (Sec. 1).

  • Specifies that the short-term, limited-duration health plan will satisfy any requirement of law or regulation that requires an individual to maintain health insurance coverage (Sec. 1).

  • Requires short-term, limited-duration health plans sold to include a disclaimer clarifying that this coverage is not required to comply with certain federal market requirements (Sec. 1).

NOTE: A TWO-THIRDS MAJORITY OF THOSE PRESENT AND VOTING IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.

Title: Authorizes Short-Term, Limited-Duration Health Insurance

See How Your Politicians Voted

Title: Authorizes Short-Term, Limited-Duration Health Insurance

Vote Smart's Synopsis:

Vote to pass a bill that authorizes health insurance carriers to provide short-term, limited-duration health plans.

Highlights:

 

  • Requires all health carriers in the state to sell or offer short-term limited-duration health plans (Sec. 1).

  • Defines “short-term, limited-duration health plan” as a plan that has an expiration date specified in the contract, policy, or plan that is less than 12 months after the original effective date and does not exceed 36 months (Sec. 1).

  • Specifies that the short-term, limited-duration health plan will satisfy any requirement of law or regulation that requires an individual to maintain health insurance coverage (Sec. 1).

  • Requires short-term, limited-duration health plans sold to include a disclaimer clarifying that this coverage is not required to comply with certain federal market requirements (Sec. 1).

Title: Authorizes Short-Term, Limited-Duration Health Insurance

Title: Authorizes Short-Term, Limited-Duration Health Insurance

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