Short-Term Plans
Whether you are aging off your parent’s plan and need coverage before you can enroll at a new job or you are retiring early and need temporary coverage while you await Medicare eligibility, short-term health coverage can help bridge the gap.
Previously, coverage under a short-term health plan could last for up to one year and extend for up to three additional years. Now these plans have been reduced to 90-day terms with the option for a one-month extension due to a new government mandate.
Our benefit programs — including health share plans and indemnity plans — are also designed to help bridge the gap when you find yourself between health plans. Reach out to a 360 Benefit Solutions agent to learn more about short-term health coverage and other health plan options to determine what best suits your needs. Click here to be introduced to your 360 Benefit Solutions agent or email quotemenow@360bsa.com.
Plan Features
Short-term health plans provide temporary coverage for basic medical services and emergencies when you need coverage for only a few months at a time. These plans are intentionally temporary as they typically do not meet Affordable Care Act coverage requirements for long-term plans. However, they can provide peace of mind and help you avoid going without coverage when you find yourself between health plans.
Plan Features
Short-term health plans provide temporary coverage for basic medical services and emergencies when you need coverage for only a few months at a time. These plans are intentionally temporary as they typically do not meet Affordable Care Act coverage requirements for long-term plans. However, they can provide peace of mind and help you avoid going without coverage when you find yourself between health plans.
Why enroll in short-term coverage?
When you know you will have other coverage within a few months but want to avoid the risk of being without coverage in the meantime, a short-term health plan can be a great option. These plans can also be a great fit when you need coverage quickly or outside of ACA annual enrollment. Short-term plans can also be a more affordable option when you want to avoid the higher costs of an ACA plan.
Is short-term health coverage right for me?
A short-term health plan can be a great fit if you are:
- Transitioning between jobs and need coverage while you wait to start a new role where you will be eligible to enroll in a plan through your new employer.
- A part-time or seasonal worker and do not qualify for coverage on your employer’s plans.
- A recent graduate and have aged off your parent’s health plan.
- Retiring early and need coverage prior to Medicare eligibility.
- Waiting for ACA open enrollment but need coverage while you wait to enroll or for your plan to become effective.
- Young and healthy and need coverage in case of emergency.
Short-term plans generally do not cover pre-existing conditions, so take that into consideration when deciding if this type of plan is right for you.