Insurance Services represents several excellent short term major medical health insurance companies.
There are many reasons that people may
need short term major medical health insurance:
Coverage between jobs
Coverage between school and a job
As temporary major medical
health insurance coverage for early retirees until Medicare eligibility
Those who want a less expensive alternative
to the Health Care Reform mandated “Qualified Health Plans” on the Federal, State or Federal/State Partnerships
Short Term major medical health insurance plans have
limited underwriting and do not cover pre-existing conditions. They do, however, cover new health conditions that begin after
the effective date.
Short term major medical health insurance plans
may be purchased for as few as 30 days and up to 365 days. When the term period expires, you may buy another plan, but you
cannot renew the same plan. Any health conditions that occur under the first plan will then be considered a pre-existing health
condition under the new short term major medical health insurance plan. Therefore,
it may not be covered under the new short term plan even though it may have been covered under the initial short term plan.
our short term major medical insurance companies offer a 12-month (365 day) benefit period. That means that your coverage
is good for a full year. If you need another short term plan at the end of that period you can buy another for an additional
12 months. If you purchase your short term plan at a time that coincides with the annual open enrollment
period in the new health insurance exchanges, you can discontinue the short term plan and buy a guarantee issue major medical
plan on the exchanges on a guarantee- issue basis. Beginning in October 2014, the open enrollment period for the exchanges
will run from October 15 - Dec 7 each year and thereafter for a January 1st effective date.
Short term major medical plans are not eligible
for any federal or state premium subsidies.
If you buy a short term major medical plan you will still be required to pay the federal fine for not
having a “Qualified Health Plan” (QHP) since short term major medical plans do not include the “Essential
Health Benefits” that are required to be included in a “QHP”.
Even though you will still be required to pay the
fine, for not having a “QHP, your total premiums will be significantly less than if you were covered
on a “QHP” becausethey will be the much higher cost plans.
The insurance companies that we carry
that offer a 12-month benefit period on their short term major medical pans are:
Health Insurance Innovations (HII)
Health Plan Administrators
IHC Health Solutions (IHC)
Once you find a short term major medical health insurance plan that fits your
needs, you may run free quotes and even enroll in the short term major medical health insurance plan of your choice, online,
without contacting an agent.
Just select from the short term major
medical health insurance company links below or you may feel free to call Professional Insurance Services for help.
Updated June 28, 2013