ACA plans meet federal standards and offer essential benefits and income-based subsidies, but they may be expensive, restrictive, and provide more coverage than many people need.

A short-term insurance plan might be a good fit if your client has an annual income too high to qualify for a subsidy or needs to bridge a gap for a short time when uninsured. These plans give them limited coverage for a limited time until they can move to a more permanent plan.

Recent college grads, people in between jobs, or an early retiree are all good examples of people who may benefit from short term coverage. In some cases, they may choose a short-term plan to cover their children if they are not able to get a family plan right away.

Unlike ACA plans, short term plans don't cover preexisting conditions, and you must answer a series of medical questions to apply.

The pros of Short Term Medical

• Lower monthly costs - premiums may be more affordable for clients that don't qualify for an ACA subsidy
• Broader network access - less restrictive networks than ACA plans*
• Available year-round

A short-term plan might be a good fit if your client…

• Missed Open Enrollment and doesn’t qualify for a Special Enrollment Period
• Is waiting for their ACA plan to start
• Is looking for coverage until he/she joins Medicare
• Is turning 26 and coming off a parent’s plan
• Is between jobs or waiting for benefits to start

Check our web schedule for Short Term Medical webinars