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Short-term health plans can provide a period of low-cost coverage for people in a time of transition. This affordable coverage option may be just what you need if you are between jobs, awaiting Medicare, or waiting for coverage from an Affordable Care Act (ACA) plan to start. Consider the following when thinking about whether short-term health insurance is right for you.
Why Get Short Term Health
Short-term health insurance offers many benefits. These plans are flexible and offer you coverage quickly, as soon as the day after you apply for coverage. You can often pick your deductible amount and length of coverage. Premiums for short-term health plans are typically lower than ACA plan premiums, making them an appealing choice. You can also drop the short-term plan as soon as you get a more permanent health insurance option. If you need to sign up for more short-term health after the first plan finishes, you may be able to apply for another policy.
Who Is Short Term Health Good For
These plans are good for people in good health who do not regularly take prescriptions. Think of the short term as your plan in case of emergency. It is important to always hold health insurance to avoid costly medical bills. This coverage may not be as extensive as an ACA plan, but it can save you while you wait for your employer coverage to kick in.
Short-term health plans are perfect for people who missed Open Enrollment or are waiting for coverage from an ACA plan to start. These plans are also great if you need coverage before you are eligible for Medicare if you are turning 26 and coming off your parent’s insurance, if you are between jobs, or if you are in a waiting period before benefits begin at a new job.
Coverage Under Short Term Health
Short-term care plans do not cover pre-existing conditions and do not have coverage requirements, so plans vary widely.
It is important to note that short-term health plans do not meet the minimum essential coverage required under ACA plans, and each plan will differ in the coverage it offers. That means you cannot count on one of these plans to cover things like maternity care or mental health. You should know what you are signing up for. Be sure to select a plan that carries the coverage that will get you through your transition period.
Finding a Short Term Health Plan
Short-term health plans may be exactly what you are looking for. If you are under 65 and healthy, you have a good chance of finding the coverage you need before a more permanent health insurance plan becomes available to you. With one of these, you can expect to pay low monthly premiums and secure the basic coverage you need to be protected in an emergency.
When choosing a short-term health plan, look for coverage that offers everything you need to get through the transition period. Once you have found a plan, you can choose your price and your timeline, then you’ll be all set.
For help in finding a short-term health plan that fits your needs, contact Insured for Life. Our team can sort through the distractions and connect you with a plan that will keep you safe. Call us today to meet with an agent.
