Short-term health insurance is also known as temporary health insurance and provides coverage during life transitions.
A short-term plan may be right for you if you are, for example:
- a recent college graduate
- between jobs
- waiting for employer-based group coverage to kick in
- need coverage for a defined window of time
Short-term coverage is intended to be temporary, for the short term. It should not be considered as a long-term solution, but it does fill an important need.
After all, unexpected illnesses and accidents happen every day. And the resulting medical bills can be disastrous. A short-term plan will provide you and your loved ones with the peace of mind you need at a price you can afford.
Limitations of Short-Term Health Insurance
If you are considering a short-term plan, keep these facts in mind:
- Short-term plans are not Affordable Care Act-compliant. They don’t don’t cover things like preventive care, immunizations, maternity care, allergies, etc.
- Short-term plans do not cover pre-existing conditions.
- Short-term plans are not guaranteed issue. This means you can be denied for health reasons.
- Short-term plans are not guaranteed renewal. This means if you get sick, you may not be able to renew your coverage at the end of its term.
- You may still be subject to a tax penalty under the Affordable Care Act.
- As of April 1, 2017, the longest you can be covered by a short term plan is 90 days. You can re-apply for another 90 days’ of coverage, but you may be denied for medical reasons. Short-term plans through Petersen can be renewed for up to 3 consecutive terms, without an exclusion for pre-existing conditions.
If you are currently uninsured and need temporary protection from an unexpected illness or injury, but cannot purchase permanent coverage at this time, we do recommend purchasing a short-term plan.
Even a short period without health insurance is not worth the risk.
Apply for Short-Term Coverage
Apply today and be covered as early as tomorrow!
Questions? Call us! 703.707.8270.