PLEASE NOTE! The Health Insurance Marketplace Open Enrollment period ended February 15th. If you do not have a qualifying life event, you are unable to purchase an Obamacare ACA insurance plan. With that said, Short Term Health Plans have become the primary product in the market, providing insurance coverage until the next open enrollment period. Please consider purchasing a Short Term Health Plan until the next Open Enrollment period. Open Enrollment for 2016 coverage starts November 1, 2015.
If you missed the Affordable Care Act (commonly known as Obamacare) Open Enrollment period and are now living without health insurance, a Short Term Health Plan will help you get the coverage you need right away at a fraction of the cost of an Obamacare plan, to protect you from unforeseen medical expenses until the next Open Enrollment period.
Understanding how Obamacare affects you and how Short Term Health insurance can help can be difficult. Reliable information about the Affordable Care Act (ACA) is hard to come by on the Web since there is still so much debate on the issue. To cut through the confusion, here are some important facts you need to know about how the ACA affects Short Term Health insurance.
What is Short Term Health Insurance?
Short Term Health insurance plans are highly flexible, meeting your specific coverage needs at an affordable price from 1 to 11 months. These plans can offer up to $1.5 million of coverage, ensuring you are secure in-between long term insurance plans
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. Typically, Short Term Health Plans are half to two thirds the cost of an Obamacare ACA plan. This means that not only can you get health insurance 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.
When is Short Term Health Insurance a good solution?
Short Term Health Plans are ideal if:
- You’ve lost coverage due to a recent career or life change;
- You’re a student or graduate, no longer covered under your parents’ insurance;
- You’re a seasonal or temp worker;
- Your Employer does not offer health insurance coverage;
- You’ve retired but have to wait for Medicare eligibility;
- You are looking for an affordable health insurance solution.
The key point to remember is that to get the most value from these policies you need to choose an insurance advisor with the right expertise. Short Term Health insurance policies vary widely on a case-by-case basis, so having an insurance specialist on your side is very important to choose the policy that best fits your needs. Contact us today to learn more about a Short Term Health Plan that will give you the specific coverage you need at a price that works for your budget.
What are the top three benefits of Short Term Health Insurance?
This type of insurance has many benefits you should know. Here are the top three benefits of a Short Term Health Plan:
- Short Term Health insurance is not bound by the minimum coverage required by the ACA, meaning you can get an insurance plan that meets your specific coverage needs at a significantly more affordable price.
- These policies are typically more flexible than ACA approved policies, giving you freedom of choice in your insurance planning.
- Short Term Health insurance gives you a temporary solution to your long term health care needs, filling the gap between long term insurance plans.
Short Term Health insurance, which is offered outside of the health insurance marketplace, is more flexible than a long term insurance policy. The most important benefit of choosing a Short Term policy is that this insurance buys you time to decide which long term health insurance policy best fits your needs, when those options become available again.
Finding reliable information on the Web about the ACA is a daunting task because so much confusion surrounds the issue, even to this very day. To help you through the process of selecting the right coverage, you will need to choose an insurance specialist with the experience to make sure you choose a sound Short Term Health insurance policy. Contact us today to learn more, or use our quote engine to get Short Term Health insurance.
For more information about Short Term Health insurance, please see our Frequently Asked Questions guide.
We can help you find Short Term Health insurance that provides the coverage you need right away. Contact us today!