As of January 1, 2019, there is no longer a federal penalty for not having an individual medical insurance policy through a private insurance company or the health insurance exchanges. However, residents in the states of New Jersey, Vermont, California, Rhode Island, Massachusetts and the District of Columbia (Washington, D.C.)…
Depending on the level of medical coverage you purchase, you have access to many of the same services covered by a individual health insurance plan:
You can apply for a short-term medical insurance plan in 5 minutes or less once you have compared your plan options. However, it’s always recommended to take your time and read all of the exclusions and limitations a plan may have.
There are many reasons why short term medical insurance is a great alternative option!
Depending on your state of residence, you can re-apply for a new short-term medical insurance plan once your coverage expires for up to three years in total coverage. Once you re-apply and are accepted for coverage for a second time, you are on a new insurance policy term, and your…
No, short-term medical insurance does not qualify for any cost assistance from the government, unlike marketplace ACA insurance plans. That is why it’s important to check your eligibility for a financial subsidy on the marketplace exchange before purchasing a short-term medical plan.
Traditionally, yes. However, there are reasons. It’s always important to check to see if you qualify for a financial subsidy on a marketplace ACA health insurance plan before committing to a short-term medical insurance plan. If you do not qualify for cost assistance on a marketplace plan, short-term can provide a…
Short-term medical insurance is an option to regular insurance when you are temporarily uninsured. Here are the different life situations where short-term medical can fill the gap in coverage:
No, short-term medical insurance is different than ACA plans and cannot be purchased on the federal or state Marketplace exchanges. Health insurance plans on a state exchange, the federal Marketplace or in the private marketplace are health insurance policies that offer 10 essential benefits required as a result of the…
No, there are differences between short-term medical insurance and permanent individual insurance, also known as major medical health insurance. Short-term medical insurance does not offer essential health benefits as required by the Affordable Care Act (ACA). However, in most states, you no longer are at risk of paying a tax…