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 coverage under a contract with an insurer that expires no more than 12 months after it first takes effect. The plan may also include a renewal guarantee. That guarantee lets a policyholder choose to buy another policy after the first contract ends, at a premium that does not reflect any additional underwriting.

Full text and official record on Congress.gov

Sponsors

• Ted Cruz Republican sponsor
• 1 cosponsors