Affordable major medical coverage for those seeking catastrophic only coverage including hospitalization, ER, surgical services & urgent care coverage.
There are some situations where a short-term plan makes sense. And the fact that they can be purchased at any point in the year is certainly beneficial for some applicants:
You’ve got new coverage lined up with an imminent starting date—eg., from an employer, Medicare, or an ACA-compliant plan that takes effect at the start of the year—but you need a plan to cover the gap before it takes effect. In this situation, a short-term plan could be a good solution.
You can’t afford an ACA-compliant plan. Maybe because you’re stuck in the Medicaid coverage gap, or priced out of coverage due to the family glitch, or just over the income limit for premium subsidies and affected by the subsidy cliff13 (make sure you double-check to see if you can get your income into the subsidy-eligible range before giving up on affordable coverage).
You’re healthy (so a short-term plan’s medical underwriting and pre-existing condition exclusions won’t be a problem) and don’t care about the services that aren’t covered by short-term plans. But keep in mind that your eligibility to purchase a second short-term plan when the first expires is contingent upon remaining healthy. And make sure you really understand the limitations of the plan… not having prescription drug coverage might seem like no big deal when you’re not taking any medications, but what would you do if you were diagnosed with a disease that can only be treated with extremely expensive medication?
Contact us 813-964-7100