The Trump administration finalized rules today that expand access to so-called "skinny” short-term health insurance plans. Those are low-cost, low-coverage insurance plans meant for people who have a temporary gap in health insurance.
Under the Obama administration, insurers could offer you a short-term plan for up to three months. Now, President Donald Trump has extended that timeline, so insurers can offer short-term insurance plans for up to three years.
Why buy a short-term plan?