COMPETE Act
Health Insurance: Expanding Short-Term Plans
The COMPETE Act is currently in the early stages of the legislative process. It was recently sent to the House Committee on Energy and Commerce for review. There are no upcoming votes scheduled at this time.
Part of: story →Companion bill: Health Insurance: Expanding Short-Term Plans →Legislative Progress
This bill faces a tough path because it deals with a controversial type of insurance that many lawmakers oppose. It has not yet moved past the initial committee stage.
Key Points
- This bill changes the rules for short-term health insurance. It defines these plans as coverage that lasts for up to 12 months at a time.
- The policy allows insurance companies to offer renewal guarantees. This means a person could buy a new plan after the first one ends without having to pass a new health check, even if they got sick during the year.
- These plans are usually much cheaper than standard health insurance. They are designed for people who need temporary coverage or who cannot afford more expensive plans that cover more services.
- Because these plans do not have to follow all federal rules, they might not cover things like pregnancy or health problems you already had. This bill aims to make these options more available to help lower monthly costs for families.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Energy and Commerce.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
COMPETE Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.