If you are between jobs, have had your insurance policy canceled, or are waiting for coverage to begin through your employer, you may want to consider purchasing a short-term health insurance policy. This is one way to solve the problem of being uninsured without committing to a long-term policy.
Regardless of the reason you are uninsured, a short-term policy can solve the problem by offering you coverage that can go into effect the very next day! The quality of the coverage is excellent and the premiums are less expensive than those of a long-term policy, which makes this an excellent option for many people.
What Is a Short Term Plan?
A short term health insurance plan is one that offers basic health coverage for a period of up to six months. You can also extend your coverage for another six months by applying for another short term policy. You receive the benefits of health insurance and avoid paying a penalty for not having insurance, all at a price that is much more affordable than a long-term policy.
Will I Qualify for a Short Term Plan?
There are a number of reasons why you should consider purchasing a short-term plan instead of the more traditional long-term renewable health plan. Typically, if you fall into one of the following groups, a short term plan could be ideal:
• You are no longer covered by your parents’ insurance policy.
• You are unemployed or between jobs.
• Health coverage is not offered through your employer.
• The Affordable Care Act plans are not affordable for you.
• You are self-employed.
• You have recently graduated.
What Does a Short-Term Plan Cover?
Short-term health insurance plans do not include some of the coverage required by the Affordable Care Act, so you should be aware that some of the ACA-mandated services like preventive health care may not be provided. However, you will have coverage for the policy term for accidents or illnesses.
Also, short term plans are not guaranteed-issue plans like ACA plans are. This means that if you have a pre-existing condition, you may be denied coverage or charged a higher rate.
Why Should I Purchase a Short Term Plan?
If you purchase a short term health insurance policy, you are covered for a specific amount of time; this is the perfect solution if you are simply looking for coverage while waiting to qualify for an employer-sponsored plan or if you missed the January 1 effective date for an ACA plan.
In many cases, a short term plan is a great way to avoid enrolling in an Affordable Care Act plan for as long as possible without having to pay the penalty for not having insurance.
Applying Is Both Fast and Easy!
Applying for a short term health policy can be accomplished online in a matter of minutes, and in many cases coverage can be effective the very next day. If you would like to receive a quote, contact one of our friendly licensed Personal Advisors at 1-877-224-2052.