Short Term health insurance, sometimes called Term health insurance or Temporary health insurance, is designed to help bridge gaps in your health care coverage during times of transition
Hospital & Doctor Fixed indemnity Insurance
The Benefit of a Hospital Indemnity Policy
A fixed indemnity insurance plan that pays a set cash amount to you or your provider after treatment for specific injuries or illness
And if you’ll pardon the pun, you’ll find no “shortage” of information online telling you what Short Term Medical insurance isn’t or what it can’t do for you. But for many people, and for many situations, the best Short Term health insurance plan they can find may just be the right solution.
Flexible and Fast.
Covers: Doctor Visits; Wellness/Preventive; Pharmacy Services; Outpatient Services
We know that the life of you and your family can change quickly. That’s why our Short Term Medical plus from United Health care, Aethna , Cigna provide you with the following flexibility:.
Start your coverage fast, as soon as the next day in many cases.
Drop your coverage without penalty.
Choose from a range of available deductible amounts.
And with your Short Term Medical insurance coverage starting as soon as the next day after you apply, you can get the security of that coverage fast, right when you need it.
Who Should Consider Short Term Insurance Plans?
Short Term health insurance plans can make sense for people who are:.
- Rolling off their parent’s insurance.
- In-between jobs.
- Without health insurance, have missed Open Enrollment and do not have a qualifying event for Special Enrollment.
- Waiting for your Affordable Care Act (ACA) coverage to begin.
- A college student or just out of school.
- Waiting for benefits to begin at a new job.
- Waiting for Medicare.
- Needing a temporary alternative to COBRA insurance.
- Losing coverage following a divorce.
- Under 65 and in good health.
Short Term Insurance Plans and the ACA Federal Tax Penalty.
Short-Term health insurance plans do not meet the minimum essential coverage requirements under the Affordable Care Act (ACA), also known as Obamacare, and may result in a tax penalty. They are designed solely to provide temporary health care insurance during unexpected coverage gaps. To avoid the risk of penalty, apply for an ACA health insurance plan as soon as you qualify.
What’s the Difference?
Short Term Insurance Plans ACA Insurance Plans.
1, Availability of coverage? As early as the next day after you apply. Apply during Open Enrollment
(or during a Special Enrollment with a qualifying event).
2, Type of coverage Comprehensive medical insurance coverage. Comprehensive medical insurance coverage.
Coverage varies by plan and plans are NOT required All plans include the 10 essential health benefits required by the ACA.
to include the 10 essential health benefits required by the ACA.
3, Monthly costs? Generally, cost less than ACA health plans, Generally more expensive than short-term health plans
but you may also be subject to a tax penalty. but tax subsidies may reduce your costs.
4, Is preventive care included? Preventive care coverage, if included, is limited. Yes. Preventive care is one of the 10 essential health
health benefits required in all ACA health plans.
5, Rx drug coverage? Available with some plans. Yes. All ACA plans have Rx drug coverage.
6, What network is included? Access to a network that varies by plans and location. Access to a network that varies by location.
7, Are referrals required?
Most plans don’t require primary care physician/specialist referrals are required.
ACA Health Insurance Plans:
Some plans require referrals.
8,Is there coverage for preexisting conditions?
Short Term Health Insurance Plans:
No. Even if you are approved for a Short Term health plan, pre-existing conditions are not covered. Previously covered conditions will be considered preexisting under subsequent policies.
ACA Health Insurance Plans:
Yes. ACA plans are guaranteed issue, meaning you cannot be turned down for coverage and your preexisting conditions would be covered.
You are under no obligation to buy a health insurance plan when using our site. After submitting your application, you may cancel it at any time during the underwriting process.
Most insurance companies will charge up to a $20 application fee for our Short Term plans in most states.