Buyer Beware: New Cheaper Insurance Policies May Have Big Coverage Gaps
New short-term insurance policies will likely be cheaper than Affordable Care Act plans. But those lower prices mean they won't pay for as much health care.
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 â known as short-term, limited duration insurance â may not pay for the medical care you need.
"These are a niche product, always have been," says , 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,"
