S3418119th CongressWALLET

COMPETE Act

Sponsored By: Senator Sen. Cruz, Ted [R-TX]

Introduced

Summary

This bill would broaden short-term limited-duration health plans by allowing renewal without underwriting.

Show full summary

It adds a new definition to the Public Health Service Act for short-term limited duration insurance and sets the initial contract term at up to 12 months.

  • Families and consumers: Clearer, expanded short-term coverage options because renewals could be offered without new underwriting and the initial term is capped at 12 months.
  • Health insurers and markets: Clarifies which short-term plans are permitted and may influence competition and consumer choice by expanding allowed short-term arrangements.

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Short-term health plan definition change

This bill would add a federal definition of "short-term limited duration insurance." It would say the initial contract must end within 12 months of its original start date. It would allow a contract to include a renewal guarantee letting a policyholder buy another short-term policy after expiration without new underwriting for the renewal premium. If enacted, this would affect people who buy short-term plans and the issuers that offer them and could expand options while also exposing buyers to more limited coverage and higher out-of-pocket costs.

Free Policy Watch

You just read the policy. Now see what it costs you.

Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.

Pick a topic to get started

Sponsors & CoSponsors

Sponsor

Sen. Cruz, Ted [R-TX]

TX • R

Cosponsors

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 12/10/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation

Take It Personal

Get Your Personalized Policy View

Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.

Already have an account? Sign in