Short-Term Health Insurance
Don’t Risk Being Without Health Insurance
What is it?
Short term health insurance is designed to be SHORT TERM. It protects you for a shorter amount of time than a standard policy. Most policies last anywhere between one and six months and will cover sickness and injury. These policies do not cover pre-existing conditions, prescriptions or preventative care, nor are they required to by law.
How does it work?
Is it ACA Compliant?
Short-term health insurance is not ACA-compliant, does not cover pre-existing conditions and is not guaranteed-issue. You may still be subject to the individual mandate tax penalty. Remember, it is a temporary solution to protect your health and your financial well-being. These plans do not meet the requirements mandated by the Affordable Care Act.
IMPORTANT NOTICE ABOUT SHORT-TERM PLANS:
Short-term health insurance plans are not qualified health plans under the Affordable Care Act (ACA or “Obamacare”) and do not meet the coverage and benefit requirements of the ACA. You cannot receive a subsidy (premium tax credit and/or cost-sharing reduction) under the ACA in connection with your purchase of short-term health insurance and may still owe the tax penalty (the individual shared responsibility payment) under the ACA. Some people may qualify for exemptions from the ACA tax penalty. Further information about the ACA and its implications can be found in our Affordable Care Act Resource Center.
Short-term health insurance plans are generally less expensive than qualified health plans under the ACA (also called major medical health insurance), but do not offer the same level of coverage. Short-term health insurance plans are intended for people who do not want or cannot afford major medical insurance or who want a temporary form of limited coverage before they obtain major medical health insurance. Among other limitations and exclusions, short term health insurance plans generally do not cover pre-existing conditions (health and other conditions that exist at the time of application) or the minimum essential coverage of the ACA (benefits such as mental healthcare, pregnancy and childbirth, preventive care, etc.).
Short-term health insurance plans are limited in duration by law to a maximum 3-month term. After the plan expires (in 3 months or less), you will stop receiving any benefits under it. You must reapply to receive coverage after the plan expires. If you are accepted for an additional term under a short-term health insurance plan, the plan’s deductible and other amounts reset so that amounts paid (or the satisfaction of conditions) under the initial plan are ignored. Similarly, whether you have pre-existing conditions will be determined anew as of your approval under the new application. Please review your policy terms for the maximum coverage period allowed by the plan you selected. Be aware that insurance companies limit the number of times a short-term insurance policy may be renewed. Some states may restrict your ability to apply for more than one consecutive short-term health insurance plan.
If you have any questions on polices or have additional questions before get a free quote, please contact our offices today.
403 N. Freeman Street
Oceanside, CA 92054
Email: firstname.lastname@example.org or email@example.com
CA License Number: 0C175088