Short term insurance may be for you if you’re:

  • Unable to apply for the Affordable Care Act (ACA), also called Obamacare, coverage because you missed Open Enrollment and you don’t qualify for a Special Enrollment

 

  • Waiting for your ACA coverage to start

 

  • Looking for coverage to bridge you to Medicare

 

  • Turning 26 and coming off your parent’s insurance

 

  • Between jobs or waiting for benefits to begin at your new job

 

  • Healthy and under 65

​For these situations and many others, short term health insurance, also called temporary health insurance or term health insurance, might be right for you.  It can fill that gap in coverage until you can choose a longer term solution.

Keep these short term insurance reminders in your long-term memory...

With short term health insurance you are not buying an ACA health plan.  That means you need to keep a few things in mind as you plan your coverage needs:

  • ACA health plans are guaranteed issue, meaning you cannot be denied coverage based on pre-existing conditions.

 

  • Short term insurance plans are not guaranteed issue, do not cover pre-existing conditions, and you must answer a series of medical questions to apply for coverage.

 

  • ACA health plans are required to cover 10 essential health benefits including maternity and newborn care, mental health and substance abuse disorder services.

 

  • Short term insurance plans do not have coverage requirements, so plans vary in what they cover. Check your plan details carefully.

 

  • It’s true that you may save money by choosing short term health insurance. Just be sure you know what you are buying, and that it’s a good choice for you. For the right situation, short term insurance plans can definitely provide fast, flexible, temporary health insurance coverage that fits your needs.

 

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