Buying short-term health plans in Wyoming
- Wyoming defaults to federal guidelines on short-term health plans.
- That means plans can have initial durations of up to 364 days and renewals up to 36 months.
- The states insurance commissioner has warned consumers to carefully scrutinize plans.
- At least seven insurers offer short-term plans in Wyoming.
Wyoming follows federal short-term guidelines
Wyoming does not have state-specific regulations for short-term health insurance plans, so the state defaults to the federal guidelines. Until October 2, 2018, federal regulations limited short-term plans to no more than three months in duration, and prohibited renewals. But the Trump Administration has relaxed those rules, unless a state imposes its own restrictions.
How long can short-term plans last in Wyoming?
Under the Trump Administration’s new short-term insurance rules, the plans can have initial durations of up to 364 days and renewals are permitted as long as the total duration of the coverage doesn’t exceed 36 months. The Wyoming Department of Insurance confirmed the new federal rules in a press release issued in August 2018.
Wyoming’s Insurance Commissioner, Tom Glause, has warned consumers to carefully scrutinize any plan they’re considering purchasing outside of HealthCare.gov. A press release issued in 2016 clarifies that “short-term plans set lifetime or yearly dollar limits, fail to pay for preventative health care, exclude many accidental injuries and care of pre-existing conditions.”
Which insurers offer short-term plans in Wyoming?
- Everest Prime
- Golden Rule (UnitedHealthcare)
- Independence American Life
- National General
- Standard Life
- Companion Life
Louise Norris is an individual health insurance broker who has been writing about health insurance and health reform since 2006. She has written dozens of opinions and educational pieces about the Affordable Care Act for healthinsurance.org. Her state health exchange updates are regularly cited by media who cover health reform and by other health insurance experts.