Major life events can often create gaps in your health insurance coverage. Due to new health insurance marketplace rules under the Affordable Care Act (commonly known as Obamacare), new major medical insurance plans can only be purchased at specific times, known as Open Enrollment periods. If you’re left without health insurance coverage and are unable to purchase a new plan, Short Term Health insurance is an affordable way to ensure you have the coverage you need to protect against unforeseen medical expenses.
Short Term Health Plans provide health insurance coverage for a set period of time when needed. This type of health insurance is highly flexible, offering a range of plan and payment options that can get you the coverage you need, tomorrow, at a fraction of the cost of a typical Obamacare plan. Use our quoting engine below to get Short Term Health insurance today, regardless of your life status:
Benefits of Texas Short Term Health Insurance vs. Obamacare:
- About 1/2 the cost of an ACA plan and often even less!
- Keep your doctors and NO GATEKEEPERS! A Texas short term health insurance plan uses a rich nationwide PPO network, not an HMO.
- Your rates are locked in until the end of the year.
- You’re not subsidizing the rest of the healthcare system – only pay for what you need!
- Approximately 25% discount if you choose to pay using the Single Pay option when you purchase!
What is Short Term Health Insurance?
Our Short Term Health Plans offer you highly flexible insurance coverage for times when you find yourself caught in-between insurance plans. Short Term Health insurance can provide you up to $1.5 million of coverage, and you can start your plan in as quickly as 24 hours. Short Term Health insurance offers a solution to your long term health care needs. As such, these policies are significantly more affordable than an Obamacare plan, and can be purchased with a range of coverage terms, deductibles and payment options based on your unique life situation.
Who is Short Term Health insurance ideally for?
Short Term Health Plans are a great solution if:
- You’ve lost coverage due to a recent career or life change;
- You missed the open enrollment period and need coverage now;
- You’re a student or graduate no longer covered under your parents’ insurance;
- You’re a seasonal worker;
- You’ve retired but have to wait for Medicare eligibility;
- You’re looking for an affordable health insurance solution.
Texas Short Term Health Insurance Summed Up!
The details of a Short Term Health Plan vary case-by-case. To understand what options are available to you based on your specific needs and life situation, you will need the expert advice of a Custom Health Plans insurance advisor. For many, Short Term Health Plans are a great option since these policies essentially buy you time to secure your long term health care needs. We can help you develop a strategy for remaining covered until your long term health plan begins.
Short Term Health Insurance
If you’re seeking short-term health insurance options, there are just a few things you should know:
- The end of your plan doesn’t make you eligible for open enrollment. Keep in mind that when your short-term health plan ends, you will not automatically be able to buy a major medical health insurance plan.
- Using a short term health insurance broker in Texas could save you serious time and money. Regardless of the type of plan you’re seeking, the health insurance industry is a complex affair. This is why it’s strongly encouraged to use a specialized broker! A health insurance broker can help you select the most cost-effective plan for you and your family.
The words “short-term” might not sound like something you should apply to medical insurance. After all, everyone wants insurance that lasts. However, for many people, short term medical insurance really makes the most sense. For instance, if you are healthy, young, and don’t qualify for certain tax credits, short term insurance might fit you perfectly.
This type of plan brings several advantages. For one thing, you get to be in control of your plan; you can customize your deductible and skip over certain network restrictions. In addition, you will almost certainly save money by paying lower monthly premiums. Finally, with short term medical insurance, you can enroll immediately and purchase a plan at any time.
What do Short Term Health Plans cover?
Short Term Health Plans come in a variety of forms, offering you a choice of coverage to fit your specific insurance needs. With each plan, you select the coverage duration from 1 to 11 months, and then select a deductible that makes sense with your budget. Below you’ll find a couple of our most popular plans provided by UnitedHealthOne:
- Short Term Medical Plus: You pay the selected deductible for the term, then insurance pays 80% of the next $10,000 of coverable expenses, with you being responsible for the 20%. The insurance pays 100% of the remaining covered expenses up to $1 million.
- Short Term Medical Plus Elite: You pay the selected deductible for the term, then insurance pays 80% of next $10,000 of coverable expenses, with you being responsible for the 20%. The insurance pays 100% of remaining covered expenses up to $1.5 million. Here you’ll have the option to add an accident rider.
What is the cost of a Short Term Health Plan?
Individuals are attracted to Short Term Health Plans not just because of their flexibility, but also because of their affordability. In many situations, Short Term Health Plans can be half or two third’s the cost of an Obamacare ACA plan. This means that not only can you get Short Term Health Plans outside of Obamacare Open Enrollment periods, but you can actually find significant savings when doing so. Keep in mind, the higher the deductible the lower the premium, and vice versa. This flexibility means that Short Term Health Plans can be very inexpensive and affordable.
For more information about Short Term Health Plan quotes, please see our Frequently Asked Questions guide. To learn more about how Obamacare impacts your Short Term Health insurance, please see our educational resource.
Contact Custom Health Plans Today
Do you have questions or concerns about short term health insurance? Don’t hesitate to get in touch with Custom Health Plans today! Our team of experienced healthcare professionals is always happy to assist you. We’re here to help you make the most well-informed decision regarding your health insurance. We can help you find Short Term Health insurance that provides the coverage you need right away. Contact Custom Health Plans today or call (469) 361-4032!