Bill > HR6420

This bill, known as the ACCESS Act (Affordable Care Economic Stability and Small Business Act), aims to define and regulate short-term limited duration insurance (STLDI) as a flexible health coverage option for Americans, particularly small businesses. The bill amends the Public Health Service Act to specify that STLDI is health insurance with a contract expiration date less than 12 months after the original effective date, and a total duration not exceeding 3 years when considering renewals or extensions. It introduces new provisions for guaranteed renewability, allowing individuals to choose whether they want the option to renew their short-term insurance when applying. The bill's findings highlight the challenges small businesses face with rising healthcare costs and emphasize the need for affordable, portable health insurance options that can help bridge coverage gaps during transitions like changes in employment. By providing a clear definition and framework for STLDI, the legislation seeks to give consumers and small businesses more flexible healthcare choices that can serve as a temporary solution while working towards more comprehensive long-term coverage.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/6420/all-info