There are many differences between the three. Short-term health insurance is temporary insurance to provide coverage when you are uninsured. COBRA insurance is available to former employees who have lost their employee health insurance. It’s the most expensive option, costing employees 100% of the cost of insurance plus a 2% administration fee. ACA plans can be an affordable option if you qualify for a financial subsidy. ACA plans accept all pre-existing conditions and provide preventive care. But if you do not qualify for a subsidy, short-term medical insurance can be a temporary but economical option over ACA plans.
Updated on November 30, 2023
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