Buyer Beware: New Cheaper Policies May Have Coverage Gaps

Buyer Beware: New Cheaper Policies May Have Coverage Gaps
Clare McLean/UW Medicine via AP

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 – known as short-term, limited duration insurance — may not pay for the medical care you need.

"These are a niche product, always have been," says Doug Badger, 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," he says.



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