If you miss your enrollment period and do not enroll in health insurance, you do have another option: short-term health insurance.
Short-term plans are designed for those who need additional coverage or miss their window for getting a long-term plan. They don’t cover as much as long-term plans do and are not meant to be a long-term solution. However, they can really help you out if you’re in a bind. Most plans are valid for a year, but some are for three or six-month periods only.
A short-term plan may help if you miss open enrollment or are:
There is often an application fee for short-term plans, and you’ll have to disclose any pre-existing conditions (or risk a terminated policy).
Remember that even with a short-term policy, you’ll still have to pay the penalty tax for not having Obamacare-approved insurance. Short-term plans are not compliant with Obamacare because they don’t cover the ten essential benefits that ACA plans are required to cover (outpatient care, hospitalization, emergency services, mental health and addiction treatment, rehabilitation, prescription drugs, preventative medicine and disease treatment, lab services, maternity, and pediatric care).
Most major carriers offer short-term policies. If you need help enrolling, we can give you a hand!
Just call us at 615-541-4257.