Private Health Insurance: Limited Data Hinders Understanding of Short-Term Plans' Role and Value During the COVID-19 Pandemic, Report to Congressional Committees   [open pdf - 462KB]

From the Highlights: "Millions of Americans who lost their jobs during the COVID-19 [coronavirus disease 2019] pandemic also lost their ESI [employer-sponsored insurance]. Short-term plan insurance was one option for these consumers. However, these plans can be significantly different from other health coverage options for those losing ESI. Therefore, it is important to understand the role they play in the market and for individual consumers. GAO [Government Accountability Office] was responsible under the Coronavirus Aid, Relief, and Economic Security Act for monitoring the federal government's pandemic response. In this report, GAO describes what is known about short-term plans and the role that they might play for individuals who lost ESI during the pandemic. Stakeholder views of the value of short-term plans in meeting consumer needs are also discussed. GAO conducted a literature search and review of studies on short-term plans and conducted interviews with national organizations such as the National Association of Insurance Commissioners. GAO also interviewed seven policy researchers selected to include diverse policy perspectives and stakeholders. This included (1) officials from six state insurance departments selected to represent different levels and types of regulation, and (2) representatives from four organizations that sell short-term plans."

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Public Domain
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Government Accountability Office: https://www.gao.gov/
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