Really Low Rates, Available Any Time
Many Americans who had their health plans cancelled due to the Affordable Care Act (ACA) are looking for effective and valuable alternatives to an ACA plan. Others have lost employer-based coverage, or have recently graduated from college and are off their parents’ plan.
A short-term health plan provides benefits in the same way a major medical plan does, but for a predetermined length of time. Depending on the plan, you can get coverage for as little as 30 days or any period of less than 12 months.
In either case, a short-term plan may be a much less expensive option than a permanent health insurance plan. These plans are also available year round, even if you are not within an open enrollment period.
Please note that these plans are not HSA-qualified, nor do they exempt you from the tax penalty for not having approved health insurance coverage.
To get an instant quote on plans in your area, just fill out the form below. If you like what you see, you can apply in about 5 minutes, and be covered tomorrow.
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If you like what you see, you can apply in about 5 minutes for coverage beginning as soon as tomorrow.
Flexible, Affordable and Accessible Coverage
Short-term medical plans are becoming a very popular choice for coverage while transitioning to an Obamacare plan. You can get next-day coverage after you enroll in a short-term plan, and depending on when you choose to begin coverage and how long the term of the plan is, you should be able to wait until as late as the end of 2018 to enroll in a more-expensive ACA-qualified plan.
Note that a short-term plan does not exempt you from tax penalties for not having approved health insurance in place. You can be without coverage for up to three months during the year without facing a penalty. You may also already be exempt from the tax penalty.
Penalties and Hardship Exemptions
Because short-term plans do not meet ACA (this should be defined the first time it’s used, and it’s already defined albeit in the reverse in the first sentence) guidelines, you could still be subject to the tax penalty. However, there are many circumstances that could exempt you from this penalty, and these fall under a hardship exemption.
Was your health plan cancelled and you can’t find affordable coverage? Then you qualify for a hardship exemption. Other situations include medical bills in the past 24 months that you’re unable to pay, the death of a close family member, or being a domestic abuse victim also qualify you. You will be required to submit supporting documentation when submitting your exemption form, which you can download here:
With a short-term plan, you can benefit from prescription drug coverage and medical coverage for exactly the amount of time you need it. Your coverage is good for traveling because you have access to a wide network of physicians and hospitals, while also having out-of-network options if needed. Deductibles and lifetime maximums are offered with greater value than long-term plans or Obamacare plans.
Is a Short-Term Medical Plan Right for You?
Short-term medical plans are an effective and affordable way for individuals and family members to ensure continuing insurance protection when their coverage is lapsing due to:
- Missed enrollment deadline for Affordable Care Act
- Cancelled or lack of employer-based coverage
- Recent graduation and loss of educational insurance coverage
- Not covered under parents’ plan
- Seasonal employment
- In-between jobs or in a waiting period
- Outside of open enrollment
- Waiting to enroll in Obamacare
If you sign up today, your coverage goes into effect as quickly as tomorrow. Keep in mind that non-ACA short-term medical plans are not required to cover pre-existing conditions, nor do they offer the 10 Essential Benefits or all of the preventive care that comes with ACA plans.
Short-term plans are also great for those who simply cannot afford the higher premiums that permanent plans carry. A short-term plan often costs less than half of what a permanent policy costs.
Health Insurance Innovations Short-Term Plans
Health Insurance Innovations, Inc. (HII) currently offers the best rates on the market with plans to offer a variety of deductibles and premiums.
- Everest STM
- Up to $1,500,000 lifetime maximum per person
- Urgent care deductible waived; $50 copay with coinsurance applied
- Choice of deductibles: $1,000, $2,500, $5,000, $7,500, $10,000
- Coinsurance options of 50%, 70%, 80%, or 100%
- Choose any doctor or hospital
- Pay with MasterCard, Visa or automatic bank draft
State Guidelines for Reapplying for Another Short-Term Medical Plan
In most states, there are no limits on how many times you can re-apply for a short-term medical (STM) plan for your or your family. However, there are some states with specific re-application guidelines when it comes to short-term coverage.
State Specific Guidelines:
- California & Idaho: You must have a 75-day break in STM coverage before you can reapply.
- Colorado: If you have been covered under 2 or more STM policies in the last 12 months, you must wait 6 months from the date of your last policy to apply for another STM.
- Maine: You must wait 6 months before you can reapply if your combined STM coverage in the past 12 months equals 11 months or more.
- Nevada: You may only have one certificate of coverage in a rolling 12-month period.
- New Hampshire: If you have had 2 or more STM policies in the past 12 months, you must wait 12 months from the termination date of the first STM policy before you can reapply.
- North Carolina: You must wait 6 months before you can reapply if you have been covered by any STM in the past 6 months.
- Connecticut & Wisconsin: You can only have two HCC Life STM plans in a rolling 12-month period.
Your HSA for America Personal Benefits Manager can provide specific details about coverage periods by state, coverage costs for your budget, and any exceptions based on your location.
HII plans are available nationwide, but all plans are not available in each and every state. Your HSA for America Personal Benefits Manager can provide specific details about coverage periods by state, coverage costs for your budget, and any exceptions based on your location.