Short-Term Medical Insurance 

Short-term plans generally provide the most comprehensive coverage available outside of open enrollment.

When does a short-term policy makes a lot of sense?

Short-term plans are typically offered with a selection of premiums, deductibles and benefit maximums. The policies are considerably less expensive than ACA-compliant major medical plans, so you may find that you can afford to purchase a plan with a low deductible and a high-benefit maximum. Plus, healthy applicants can secure immediate individual and family coverage, with plans that can start the next day. 

The policies also cover a range of physician services, surgery, outpatient and inpatient care. In addition, policy holders can often choose their own doctor and hospital without restrictions, though there may be financial incentives for using in-network providers.

If you miss open enrollment and haven't experienced a qualifying event, a short-term policy will provide you with up to 12 months of coverage depending on your state of residency. 

What short-term health insurance won’t cover

Short-term major medical plans may be a great fit for many individuals and families, but the plans weren’t designed to cover everything, and they do not provide coverage for all of the ACA’s essential benefits.

They typically won’t cover your routine office visits, maternity, mental health or preventative care – and they won’t cover preexisting conditions. They also still use medical underwriting, which means that applicants with serious pre-existing conditions may not be able to get short-term coverage. Be sure to check the list of exclusions on any policy.

Give us a call to find out if short-term health insurance is the right option for your situation.