Coverage from 30 - 364 Consecutive Days
If you are eligible for a Short-Term Medical plan, you:
Don't have to report your income when you apply for coverage.
Can enroll on any day of the year, as early as the day after you apply.
Can select your deductible from a variety of plan options
Can select how long you want your coverage to last, from as little as 30 days to the maximum of 364 days.
Can apply for another short-term health insurance plan when the first one ends if you are still eligible.
Will have access to an extensive PPO network of health care professionals and hospitals throughout the country. You can use doctors that participate with a National Preferred Provider Plan networks to get the best pricing on each medical visit or procedure.
Please note that if you drop coverage and wish to reapply, you will have to answer health questions for the NEW COVERAGE PERIOD and health issues that were covered under the prior plan, would be considered pre-existing condition.
Short Term health insurance offers you just the kind of flexible, fast coverage you need for those dynamic times of change in your life.
WHAT YOU NEED TO KNOW
Short Term insurance plans are not guaranteed issue, do not cover preexisting conditions, do not cover outpatient prescriptions, maternity, and mental health. You must answer a series of medical questions to apply for coverage. There are also weight restrictions with some carriers. Because pre-existing conditions, mental health, maternity, chiropractic, and prescription drugs are not covered, members will be able to buy plans at substantially lower monthly premiums than with an ACA health insurance plan.
When you buy an STM, you are covered for a SPECIFIC period. Short Term insurance plans do not have coverage requirements, so plans vary in what they cover. Generally, these plans have a deductible that you must satisfy before the insurance carrier pays any of your medical bills. Once the deductible is paid, some plans have a coinsurance percentage which means that BOTH you and the insurer are "co-sharing" in paying your medical bills. Each plan has an out of pocket maximum. The OOP formula is the Deductible plus the coinsurance amount you are responsible for. Once the OOP is met, your bills are covered at 100% for the rest of the contract period.
This coverage is not required to comply with certain federal market requirements for health insurance, principally those contained in the Affordable Care Act. Be sure to check your policy carefully to make sure you are aware of any exclusions or limitations regarding coverage of pre-existing conditions nor health benefits (such as hospitalization, emergency services, maternity care, preventive care, prescription drugs, and mental health and substance use disorder services). Your policy might also have lifetime and/or annual dollar limits on health benefits. If this coverage expires or you lose eligibility for this coverage, you might have to wait until an open enrollment period to get other health insurance coverage.