Short term health insurance is designed to provide temporary health insurance during a lapse in coverage. This type of insurance protects against the risk of incurring expensive medical bills if you experience an unexpected illness. This type of coverage may be needed in several situations:
- Missed the ACA (Obamacare) open enrollment period
- Waiting for the open enrollment period
- Changes in employment, awaiting benefits to begin
- Lost health insurance at work
- Covered by parents, and are now 26
- Bridging the time gap before Medicare starts
How Does Short Term Health Insurance Work?
Short term health insurance is a unique type of insurance, differing from other plans. These temporary health insurance plans provide coverage for 30 days to 12 months. These health insurance plans, based on the plan you select, can cover:
- Inpatient, outpatient hospital care
- ER visits
Who is Eligible for Short-Term Health Insurance?
Short term insurance may be the best option for you if you are:
- Unable to apply for Affordable Care Act (ACA) coverage because you missed Open Enrollment and don’t qualify for 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.
The Benefits of Short-Term Health Insurance
Short-term health insurance offers you flexible, fast coverage options during those times of dynamic change in your life. With short-term medical plans you can:
- Get covered fast, as soon as the day after application
- Pick your deductible amount from several options
- Pick your length of coverage, 1 to nearly 12 months in some states
- Drop coverage with no penalty if a more permanent health insurance option comes along
- You may be able to apply for another short term health insurance plan when the first one finishes if needed
- Access a network with 1.4 million physicians and other health care professionals and approximately 6,500 hospitals and other facilities
- Get generally lower premiums than with ACA health insurance plans
How is a Short Term Health Insurance Plan Different from Obamacare plans?
ACA insurance plans are required to cover people with preexisting conditions, but short term health insurance plans do not have this requirement. Each insurer varies in the coverage provided by their short term health insurance plans. It is important that you understand what the plan offers before you buy so your temporary health insurance best suits your situation.
Through our flexible health insurance coverage solutions, Jon Nolan Insurance provides the most reliable short-term health insurance services in the Dallas-Fort Worth metropolitan area. These short-term health insurance options provide specific coverage when you need it for a transition period in your life.
For more than 20 years, we have set the industry standard for insurance-related services to customers in Dallas, Fort Worth, Arlington, Frisco, and throughout our DFW service area.