Cheap short term health insurance plans are becoming more popular every day due to their affordability, protection capabilities, and simplicity. In this article, we will discuss everything related to short term health insurance plans; coverage, costs, qualification requirements, and more.
What are short term health insurance plans?
Short term health insurance plans refer to health insurance policies that last from a few months up to one year and can be renewed upon expiration. These plans are known for covering essential medical needs and being cost-effective.
What does short term health insurance cover?
Short term health insurance covers essential medical needs such as hospital care, doctor visits, x-rays, ambulance, emergency services, and more. Most of these plans do not normally cover prescription drugs, but some newer plans do. On the other hand, there is a list of uncovered conditions such as maternity care, pre-existing conditions, and preventive care. If you try to enroll in a plan with one of these conditions, you might be denied enrollment or you may be able to purchase a policy that excludes your condition entirely. While these plans may not be for everyone, they offer great value for their low costs.
How much do short term plans cost?
While monthly premiums are not fixed nationwide with prices varying from carrier to carrier, these plans are significantly less expensive than their longer-term counterparts.
Do I qualify for cheap short term health insurance?
If you are a citizen or a legal resident of the United States, and you are not qualified for Medicare, you can qualify for cheap short term health insurance plans to start receiving quotes and get covered immediately.
Is short-term health insurance right for me?
Short-term health insurance is great option for those looking for essential coverage until they qualify for a more comprehensive type of protection. If you are in between jobs and waiting for employer-sponsored protection or for Medicare to be in effect, a short term plan may cover your needs. It is important to note that cheap short term health insurance plans are not meant to replace comprehensive plans by any means, since they are considered to be a temporary solution.
Is there a deadline to apply for short term health insurance?
Unlike plans under the Affordable Care Act, short term low cost health insurance plans do not have deadlines that you have to adhere to. These plans can be applied for all year round and can be renewed once expired, or canceled at any time without a penalty.
Do I have to pay a penalty for having short-term health insurance?
Short-term health insurance policyholders do not have to pay a penalty as of 2020, as it is no longer ACA non-compliant.
Do you still need to know more about short-term health coverage? eTermHealth.com aims to help those trying to understand what short term health insurance is used for, and those looking for coverage to get insured as quickly as possible. Affiliates of eTermHealth.com provide short term health insurance quotes to get you the coverage you need with as little difficulty and within as little time as possible.