SHORT TERM HEALTH INSURANCE

Michael T Braden August 29, 2024 SHORT TERM HEALTH INSURANCE

SHORT TERM HEALTH INSURANCE

BENEFITS OF SHORT-TERM HEALTH INSURANCE

Short Term Health Plans are not for everyone.  However, if you find yourself between jobs and realize how utterly over-priced COBRA is, then Short-Term Medical Plans might be a good fit for you. Short Term Health Plans are extremely affordable and you can customize your deductible from $1,000 - $10,000 to best fit your needs.  These plans are not compliant with the ACA/Obama Care, but until they change the law again, they might be a good option for those who cannot afford a Health Plan through the exchange and for those younger adults in excellent health.

 

HOW LONG IS THE COVERAGE PERIOD

Short Term Medical Plans can be contracted for anywhere from a month to a year and most can be renewed for two additional years.

 

IS THERE A WAITING PERIOD?

Most plans are very affordable, customizable, and they can be in effect the next day.

 

WHAT ABOUT PRE-EXISTING CONDITIONS

The majority of Short Term Health Plans for individuals do not include coverage for Pre-Existing conditions, but several due, up to a certain dollar amount .  

 

IS MATERNITY CARE COVERED?

No, there is no coverage for Maternity or Pre-Natal care at all.   

 

DO SHORT-TERM PLANS COVER PRESCRIPTION MEDICATIONS?

Some Short Term Medical Plans do have Prescription coverage available.  However, I think most people are better off using GOOD RX, Single Care, or other Pharmacy Discount Cards/Apps as they will usually have lower prices than the Short Term Medical Prescription Rates, especially because there is no deductible using those cards.