Is short term insurance for me?
Short Term insurance may be for you if you’re:
- Unable to apply for Affordable Care Act (ACA), also called Obamacare, coverage because you missed Open Enrollment and you don’t qualify for Special Enrollment
- Waiting for your ACA coverage to start
- Looking for coverage to bridge you to Medicare
- Turning 26 and coming off your parent’s insurance
- Between jobs or waiting for benefits to begin at your new job
- Healthy and under 65
The benefits of short term health insurance
Short Term health insurance offers you just the kind of flexible, fast coverage you need for those dynamic times of change in your life. With Short Term Medical plans you can:
- Get covered fast, as soon as the day after application
- Pick your deductible amount from several options
- Drop coverage with no penalty and receive a refund on unused premium if a more permanent health insurance option comes along
- Access an extensive network of health care professionals, with 1 million physicians and other health care professionals and approximately 6,000 hospitals and other facilities
- Get generally lower premiums than with ACA health insurance plans
With Short Term health insurance you are not buying an ACA health plan. That means you need to keep a few things in mind as you plan your coverage needs:
- ACA health plans are guaranteed issue, meaning you cannot be denied coverage based on preexisting conditions
- Short Term insurance plans are not guaranteed issue, do not cover preexisting conditions, and you must answer a series of medical questions to apply for coverage
- ACA health plans are required to cover 10 essential health benefits, including maternity and newborn care, mental health and substance abuse disorder services
- Short Term insurance plans do not have coverage requirements, so plans vary in what they cover. Check your plan details carefully
- Between jobs or waiting for benefits to begin at your new job
So, it’s true that you may save money by choosing Short Term health insurance. Just be sure you know what you are buying, and that it’s a good choice for you. For the right situation, Short Term insurance plans can definitely provide fast, flexible, temporary health insurance coverage that fits your needs.
