COMPETE Act

This bill adds a definition of "short-term limited duration insurance" to the Public Health Service Act. Under the definition, such a plan is health insurance from an insurance company with a contract that expires no more than 12 months after it first takes effect. The plan may also include a renewal guarantee. That guarantee would let a policyholder buy another policy after the first one ends, at a premium that does not reflect any new underwriting.

Full text and official record on Congress.gov

Sponsors

• Glenn Grothman Republican sponsor
• 1 cosponsors