Short Term Health Insurance
Shop short term health insurance plans and coverages from top insurers.
Short Term Health Insurance Quotes
Close Coverage Gaps with Short Term Health Insurance
Short Term Health Insurance is designed for individuals who are without health coverage for a short period of time. If, for example, you missed the open enrollment period for the Affordable Care Act (also known as ObamaCare), a short-term health insurance can provide coverage for hospitalization and emergency care. It can also bridge the gap in coverage until you can get full-featured Individual Health Insurance. For instance, if you expect to qualify for employer-provided health care soon, plan to marry or anticipate any similar qualifying life event that would allow you a special enrollment opportunity, short-term insurance is a great option. You will have some much-needed protection against financial hardship in the event of an accident or illness.
Read More: What to do If You Lose Employer Sponsored Health Insurance
ACA Special Enrollment Period: Do You Qualify?
Is Short Term Health Insurance Right for You?
Typically, short-term policies provide coverage for up to six months, although some plans may offer longer coverage. For example, if you have aged out of your parent-provided coverage, are waiting for another plan to start or are waiting for Medicare eligibility, it can provide temporary protection from accidents or unforeseen illness.
Short-term insurance does not provide the essential standardized benefits required by the Affordable Care Act. For example, short-term plans typically do not cover preventive care, routine physicals or preexisting conditions diagnosed or treated within the past two to five years, and renewal is not guaranteed. They may also come with lifetime limits on benefits — a provision healthcare plans that qualify under the Affordable Care Act cannot impose. Your actual coverage, deductibles and premiums will depend on the plan and carrier you choose. Because short-term insurance plans fail to satisfy the Affordable Care Act requirements, people who purchase them face the individual mandate tax penalty.
Short Term Health Insurance vs. COBRA
If you have recently left your job, you may be eligible for continuation of your group health plan under COBRA. COBRA is not the same as short-term health insurance coverage. Often, however – particularly in situations where your former employer picked up some or all of your health premiums – you may find your COBRA payments to be more than you can afford. In that case, the limited coverage provided by Short Term Health Insurance may be a viable solution. You should be aware, however, that short-term coverage can nullify your eligibility for COBRA or similar HIPAA plans.
Read More: Everything You Need to Know about COBRA Insurance
Short Term Health Insurance vs. Qualified (ACA) Plans
The Affordable Care Act sets a high bar for private health insurance plans. Qualified health plans under the ACA must cap expenses, guarantee acceptance and renewal, not consider pre-existing conditions, and be offered to a nationwide pool. These requirements mean that private health insurance plans available on the national exchange are not so cheap.
Short term health insurance plans, on the other hand, avoid ACA requirements by offering policies for less than 365 days. Usually, these plans last about 6 months, but any health insurance policy with a life of less than 12 months is considered a short term medical insurance plan. Some consumers might find these plans an attractive alternative to pricier qualified health plans. But these more affordable short term health insurance plans have their downside as well. So how short term health insurance vs ACA plans?
A short term health insurance policy might be ideal for a younger person who doesn’t have or anticipate substantial health care needs. These plans generally cover major medical and hospitalization, but not regular doctor visits or prescriptions. These short-term plans might be attractive to people who don’t qualify for government subsidies—in other words, unmarried people who earn more than $44,000 per year.
Obviously, for less comprehensive coverage, you would pay less money. One plan offers short term medical insurance for a 40-year-old male for about $114 per month, compared to the lowest-cost Bronze plan through healthcare.gov that costs about $230 per month. Another short term plan offers a $5,000 deductible, compared to the $6,300 deductible in the lowest-cost Bronze plan.
But short term health insurance plans have a downside that should be carefully considered. First, these plans lack comprehensive coverage, which could leave consumers underinsured in the event of a serious health crisis. You must also pass a medical underwriting test to get a short term health insurance policy, so if you have a pre-existing condition, you probably won’t be able to afford short term medical insurance.
Affordable short term health insurance plans might be a viable alternative for certain consumers. If you are younger than 50, have no family history of health problems, and have a comfortable income, you might want to consider a short term medical insurance plan.
Things To Think About
- What type of coverage do you need?
- What is your age? Health characteristics?
- What are your Short-term requirements?
- Routine doctor visits and preventive care are probably not covered
- The deductible can be high
- There could be a waiting period
- Policy requirements will differ between carriers
- This is generally not “full coverage”.
A Word About Shopping For Healthcare
Health insurance is a very personal coverage. Since it relates to the specific issues and coverage needed by a given family or individual, it has a detailed health application. As you progress through this site, we will offer a number of solutions to your health care needs. When you have decided on one or maybe two offerings to pursue, you will be transported to that company’s website to complete the application. Keep the following in mind:
- Privacy: EINSURANCE.com collects no personal data from you so we remain unbiased in the presentation of possible products. Make sure you pick a partner of ours with good credentials.
- Registrations: If you register with us, we are able to keep track of your partner selections to assist you if need be in the future.
- Detailed information: In most cases you will receive a phone call or an email to confirm or clarify your shopping process. If you receive too many phone calls or emails, please let us know immediately. Sometimes insurance organization get overzealous in their desire to help.
Find your State-specific Insurance Guidelines
Choose a state:
Frequently Asked Questions (FAQs)
Get clear answers to common insurance questions and important details to guide your coverage decisions.
What is a short-term health insurance plan and when is it appropriate?
A short-term health insurance plan provides temporary coverage for gaps such as waiting for employer coverage or missing open enrollment. It’s not intended for long-term use.
How do I get a quote for a short-term health plan through EINSURANCE?
Visit the EINSURANCE site, enter your ZIP code and basic details, and you’ll be connected with carriers offering short-term plans suited to your needs.
What key cost-factors should I consider for a short-term plan?
Look at the premium, deductible, copays, coverage length, maximum payout limits, and what’s excluded — especially pre-existing conditions or preventive care.
What major limitations come with short-term health insurance plans?
Short-term plans often don’t cover pre-existing conditions, maternity, mental health, or preventive services, and are not ACA-compliant.
Are subsidies or tax-credits available with short-term plans?
No. These plans are not eligible for ACA subsidies or premium tax credits, which are only available through Marketplace plans.
How long can I stay on a short-term plan and can I renew it?
Depending on your state, you may get coverage up to 364 days and possibly renew up to 36 months, but some states restrict renewals.
Does a short-term plan count as “minimum essential coverage”?
No. These plans do not count as minimum essential coverage under the ACA and may leave you underinsured in some medical situations.
What happens if I apply with health conditions or anticipated treatments?
Short-term plans may involve underwriting. If you have ongoing conditions or scheduled treatments, you may be denied or not fully covered.
Is my doctor automatically covered if I sign up for a short-term plan?
Not always. Some plans have networks, others don’t. You should verify if your providers are in-network before enrolling.
When might a short-term plan be a smart choice?
Short-term plans are smart if you’re between jobs, aged out of a parent’s plan, or waiting for other coverage, and you’re generally healthy.
What should I check before buying a short-term plan via EINSURANCE?
Confirm term limits, exclusions, provider network, renewal rules, and benefit caps. Know what happens when the plan ends.
What happens at the end of my short-term plan term?
You may have to reapply or switch to a different plan. If your health changes, you could be denied future coverage — plan ahead.
Relevant EINSURANCE Journal Content
The Pros and Cons of Temporary Health Insurance
Short-Term Health Insurance Plans vs. Qualified ACA Plans
