Starting April 1, payers who decide to sell short-term limited duration (STLD) health benefit plans in Colorado must offer products covering essential health benefits mandated by state law — such as preventive services, prescription drugs, hospitalization and maternity and newborn care. Short-term plans also won’t be able to deny applicants based on their health status: They must be guaranteed issue. The state’s added requirements are aimed at deterring competitors which might otherwise “come in and cannibalize the market,” one expert tells AIS Health.
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