Short Term Health Insurance
In US “Short-Term Health Insurance” (STHI) refers to the health insurance plans with limited time durations. Typically the coverage is spans from several months up to a year. People who benefit from these STHI are the people who are looking for temporary health insurance to bridge the gap between longer term plans.
Situations where these are application may be (and not limited to):
- People switching employers
- People starting graduate school
- People waiting for the new healthcare plan to begin or come into effect
- Young adults who have become ineligible for coverage under their parents plans and are looking for their own short term plans while looking for a longer term solution
- People who are without health insurance at the moment
- People who missed the marketplace enrollment deadlines
Good To Know...
Short term plans are not considered “adequate coverage” under the Affordable Care Act (Obama Care), and are not required to cover the full list of health benefits required under ACA. The ACA requires that all long term plans provide and cover the following:
- Preventative care and wellness
- Maternity and newborn care
- Pediatric care
- Outpatient care
- Emergency room services
- Lab testing
- Prescription drug coverage
- Services and medical equipment for injuries and chronic conditions
- Treatment for mental and behavioral health challenges
Do call us if you have questions about short terms health insurance plans or bridge plans.