Short Term Health Insurance Florida

TAMPA, Fla. - Feb. 22, 2019 - PRLog -- Short term health insurance is a temporary medical insurance plan that provides important coverage to protect you from unexpected medical bills. If you are among the following, you should consider the value of a short term plan:

• Individuals and families looking for an alternative plan
• Those who miss the open enrollment period
• Temporarily unemployed
• Looking for COBRA alternative
• Adult children losing coverage from a parent's plan when they turn 26 years old
• Recent graduates who do not have coverage under a parent's plan
• Employees without group health insurance coverage
• Waiting for employer benefits to start
• Uninsured due to life circumstances
• Not eligible to apply for coverage on the marketplace during the special enrollment period

How much Short Term Health Insurance cost?

For comparison purposes, eHealth provided some examples of monthly premiums for individuals in Chicago. (Premiums for both ACA and short-term plans are set by geographic location, and the examples below do not reflect subsidies.)

—Female Age 45:
Lowest-cost Obamacare (bronze) plan: $378.65
Lowest-cost short-term plan: $68.61

—Male Age 26:
Lowest-cost Obamacare (bronze) plans: $268.52
Lowest-cost short-term plan: $40.62

Last year, short-term plans were suddenly limited to three months duration, after which you would have to reapply for new coverage. If you incurred a medical condition during your short coverage period, you might not even qualify for a renewal. And you faced a new deductible for each three-month period.

Now the 90-day limitation has been rescinded, the initial short-term coverage period has been returned to 364 days (each state can set limitations), and the policy can be renewed up to 36 months. Each insurer may have different wording, so be sure to check the renewal limitations and qualification limits when considering such a plan.

What to do to buy short term medical health insurance

Now that there is no longer a fine or penalty for not using the ACA plans, more unsubsidized health insurance buyers are likely to shop around for coverage.

The first step is to see if you would qualify for a subsidy under the ACA, which can reduce the cost substantially. The ACA plans likely afford broader coverage than most short-term plans, as well as coverage for those with pre-existing conditions.

Call Mintco Financial Health Insurance Advisors to review your situation.

813-964-7100

716-565-1300

Visit www.MintcoFinancial.com
i (http://www.mintcofinancial.com/)nfo@mintco.financial.com
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