Top 5 Reasons to Consider Short Term Medical Insurance in {{stateName default=”Your Area”}}
Imagine being able to see almost any doctor, while paying less for health insurance than you do now.
Obamacare prices increase each year. And starting now, you may be able to leave Obamacare for this health plan, with NO tax penalties.
Short term medical insurance – which gives you flexible protection from injuries and sickness – is a better buy than ever.
Top 5 Reasons to Consider Short Term Medical Insurance
- It’s more affordable than an Obamacare plan
In most cases, short term health insurance costs 50 percent less than Obamacare plans that can be purchased on the federal exchange or through a state exchange if you do not qualify for a financial subsidy. Plans range from affordable to robust so there are plenty of options to choose from based on your healthcare needs. - Get coverage for 90 days or up to 364-days depending on your state
While many people purchase short term medical insurance to cover them for a brief period of time while they are waiting for more permanent major medical coverage, you do have the option to purchase short term insurance for up to 364-days. This provides an option for individuals who choose not to afford major medical insurance or don’t want to pay a higher price for coverage they might not use. - Next-day coverage available for immediate access
Short term health insurance can provide coverage as soon as the next day. You just answer a few short questions, provide some personal information, select your payment type and you’re automatically able to login to your online account and download your ID card once you are approved. - Enroll at any time – no special enrollment period
With short term health insurance, you aren’t restricted to only enrolling during a certain period of time for the next calendar year. This makes short term medical a flexible option that works when you need it to, whether it’s coverage by tomorrow or a month from now. And, you can enroll in five minutes or less! - Flexibility in services covered, from doctor office visits to hospitalization
Short term health insurance works just like major medical insurance. You are responsible for paying a deductible and then coinsurance where you split costs with the insurance company. Some plans include doctor office copays and Urgent Care visit copays. You pick the plan that makes the most sense for your health.
What’s the Difference Between Short Term Insurance Plans And ACA Insurance Plans?
| Short Term Health Insurance Plans | ACA Health Insurance Plans | |
|---|---|---|
| Availability of coverage? | As early as the next day for injuries, otherwise 5 day waiting period for illness after you apply. | Apply during Open Enrollment (or during a Special Enrollment with a qualifying event). |
| Type of coverage? | Comprehensive medical insurance coverage. Coverage varies by plan, and plans are NOT required to include the 10 essential health benefits required by the ACA. | Comprehensive medical insurance coverage. All plans include the 10 essential health benefits required by the ACA. |
| Monthly costs? | About 50% less than an ACA plan depending on age and state of residence. | Generally more expensive than short term health plans, but financial subsidies may reduce overall costs. |
| Is preventive care included? | Preventive care coverage is not included. | Yes. Preventive care is one of the 10 essential health benefits required in all ACA health plans. |
| Rx drug coverage? | Available with some plans. All plans offer discounts for Rx drug coverage. | Yes. All ACA plans have Rx drug coverage. |
| What network is included? | Full access to the any provider with no narrow PPO network restrictions. | Access to a network that varies by location. |
| Are referrals required? | No primary care physician/specialist referrals are required. | Some plans require referrals. |
| Is there coverage for pre-existing conditions? | No. Even if you are approved for a Short Term health plan, pre-existing conditions are not covered. | Yes. ACA plans are “guarantee-issue”, meaning you cannot be turned down for coverage and your pre-existing conditions would be covered. |