Bill > SB607

This bill modifies existing law to allow insurers to offer short-term, limited duration health insurance policies that can last for less than 12 months initially and can be renewed or extended for a total duration of up to 36 months, a change from previous limitations. Importantly, insurers must clearly inform consumers in writing, both during the application and in the policy contract, that these plans are not required to follow the rules of the federal Patient Protection and Affordable Care Act (ACA), are not considered Minimum Essential Coverage (meaning they don't meet the ACA's requirements for health coverage), and may exclude coverage for pre-existing conditions, which are health issues a person had before the policy started. The bill also specifies that these plans might have different benefit limits, out-of-pocket costs, and renewal terms compared to comprehensive health plans, advising consumers to carefully review the policy and compare it with other options.