1. Home
  2. About Short Term Health Insurance
  3. Is short-term health insurance the same as individual health insurance?

Is short-term health insurance the same as individual health insurance?

No, there are differences between short-term insurance and permanent individual insurance, also known as major medical health insurance. Short-term health 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 penalty if you don’t carry ACA coverage. Short-term health insurance is typically more economical than major medical health insurance and allows individuals to see any doctor or hospital they choose without worrying about in-network vs. out-of-network physicians and facilities that are standard with individual health insurance plans. Some short-term medical plans do have a PPO network, so it’s important to carefully review the benefit details of policies you are interested in to compare.

Updated on May 9, 2023

Was this article helpful?

Related Articles

Need Support?
Can’t find the answer you’re looking for? Don’t worry we’re here to help!
Contact Support