Is a Short Term Health Plan Right for you?

The health insurance landscape has had a lot of change over the past several years and is still changing. When the tax penalty for not having health insurance was removed for the 2019 tax year, it opened up some additional options. You might be changing jobs or starting a new job where your insurance doesn’t kick in immediately, or you just need coverage for a few months. This is Chris from CKE Insurance and when I come back, I will give you 3 important things to consider when deciding whether a short-term plan is a good alternative for you.

1. Premiums are typically lower than full priced affordable care plans. Though If you qualify for a premium subsidy with your current income, the affordable care plans could be lower priced.

2. You can enroll in the short-term plan at any time during the year, even mid-month. Most other health insurance plans require you to meet specific special enrollment guidelines or wait until the annual open enrollment period.

3. Short term plans do not need to meet the same guidelines that the affordable care act plans need to meet. On the plus side, this allows the premiums to be lower, but on the minus side, your enrollment is conditional, and they can turn you down for pre-existing conditions and are not required to provide free preventative services.

Everyone has their unique health care needs. Short term plans now give you an additional option to consider. Go to my website for a more extensive list of things to consider when looking at short term plans or contact me if you have any questions.