CEO Mike Kosloske Encourages Americans to Consider Short-Term
Health Insurance With Open Enrollment Period of the ACA Ended
TAMPA, Fla., April 2, 2014 (GLOBE NEWSWIRE) — With the open enrollment
period of the Affordable Care Act ending March 31, Health Insurance
Innovations, Inc. (Nasdaq:HIIQ) (“HII” or “Company”), a leading
developer, virtual administrator and private exchange for affordable,
cloud-based individual health insurance plans and ancillary products,
encourages uninsured Americans to consider alternative health insurance
According to The White House Blog, approximately 7.1 million Americans
have enrolled in an exchange plan. But an estimated 47 million
Americans remain uninsured, facing seven months of waiting before they
can once again apply for plans that many cannot afford. With the
expansion of the hardship exemption, families may not pay a penalty for
not having insurance, but many will still face a lack of health
“While the healthcare exchange provides comprehensive coverage options
for Americans who were able to purchase coverage, it has fallen short
of its goal to ensure that each American has basic health insurance,”
said Mike Kosloske, Chairman, Chief Executive Officer of Health
Insurance Innovations. “What most of those 47 million uninsured
Americans don’t know is that instead of going without coverage for
seven months, they can bridge the gap by enrolling in a Short-Term
Short-Term Medical or “STM” plans provide benefits for individuals and
families to fill gaps in coverage. These types of plans have been on
the market for more than 25 years, offering qualifying individuals
comparable benefits to Exchange plans for fixed, short-term durations
of six, 11, or 12 months at approximately half the cost. And unlike
many Exchange plans, STM plans offer coverage as early as the next day.
Open enrollment remains closed until Nov. 15, but Short-Term Medical
plans are always available through licensed brokers in Health Insurance
Innovations’ distribution network to meet coverage needs and help
protect individuals from the risk of personal financial loss due to
sickness or accident.
To learn more about STM plans and the various options available at
Health Insurance Innovations, visit https://www.hiiquote.com/.
About Health Insurance Innovations, Inc.
Headquartered in Tampa, Florida, Health Insurance Innovations, Inc.
creates customizable and affordable, high-quality health insurance
products and supplemental services through relationships with
best-in-class carriers. We are an industry leader in the sale of
short-term medical insurance plans, which provide an economical
alternative to bridge the gaps in Individual Major Medical plans
options. HII pioneered and engineered its next-generation, cloud-based
technology platform to provide licensed agents, brokers, and call
centers with real-time health insurance solutions, allowing them to
tailor plans to fit consumers’ budgets and needs.
Additional information about HII can be found at www.hiiquote.com. This
reference to our website is not intended to incorporate our website
into this press release.