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119-s-3418119th CongressWALLET

COMPETE Act

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

Introduced

Summary

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

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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.

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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.

Sponsors & CoSponsors

Sponsor

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.

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