Business Network New York
Companies:51,220
Products and Services:2,568
Articles and publications:26,551 (+9)
Tenders & Vacancies:17

How Short Term Health Insurance Works
Information is out of date

How Short Term Health Insurance Works
7/31/2021
Short-term health insurance, also known as ‘Term Insurance’, refers to temporary health insurance policies with a specified time period that lasts from a few months up to one year

Short Term Health Insurance Definition
Short-term health insurance, also known as ‘Term Insurance’, refers to temporary health insurance policies with a specified time period that lasts from a few months up to one year. These policies were mainly designed to be a bridge of protection for those who don’t have traditional, long-term health insurance. 


When it comes to pricing; short-term health insurance is significantly less costly compared to traditional longer-term plans. However, they do not cover pre-existing conditions. It is important to note that these plans are not meant to replace their longer-term counterparts and are only meant to bridge the gap until you qualify for a comprehensive, traditional type of health insurance.


Since 2010, term insurance was not considered to be adequate under the Affordable Care Act (ACA), which made policyholders liable to tax penalties for being uninsured. This is no longer a thing since the penalty was eliminated under the Congressional Tax Reform Act, as of 2019.


What Does Short Term Health Insurance Cover?
Short term health insurance covers essential medical needs such as hospital care, doctor visits, x-rays, and treatments in case of an illness or accident. On the other hand, it doesn’t cover prescription drugs. Some newer plans offer prescription drug coverage, as long as it’s not tied to a pre-existing condition

Short Term Health Insurance Cost
Term plans are significantly less costly compared to longer-term, more traditional health insurance. These plans are meant to be temporary and aren’t meant to replace traditional health insurance. You can customize your plan according to your needs, which gives you full control of the prices you pay and the coverage you get in return.

Is Short-term Health Insurance Good For Me?
The answer to this question depends on several factors:

Are left without standard insurance coverage, short term health insurance plans might be the answer for you since a longer-term policy may be quite expensive. Short-term insurance comes at a fraction of the price of traditional insurance.

Are looking for a new job or are in between jobs: with the long waiting periods that one has to go through to find a job and qualify for employer-sponsored protection, staying uninsured could be quite risky; this is when short term insurance comes into play. Getting health insurance for short term helps you eliminate the risk of not being ready if the unexpected happens.

Missed Open Enrollment
If you missed the Affordable Care Act Open Enrollment period, short term health insurance can be your safe guard until you can secure a more comprehensive type of coverage

Short Term Health Insurance Penalty
Before 2019, short term health insurance was considered an inadequate form of coverage, which made short term health insurance policyholders liable to a tax penalty. The good news is, this penalty was eliminated under the Congressional Tax Reform as of 2019.

view all (4)

Other articles and publications:

Short term health insurance plans are the choice of millions who look for protection in transitional periods
7/31/2021
Short-term Health Insurance Short-term Health Insurance
Information is out of date
One of the most appealing benefits of short term health insurance is its low cost. In comparison with comprehensive types of health insurance
7/31/2021
Millions of people put themselves at risk by being uninsured. Whether you currently do not qualify for traditional comprehensive insurance, are in between jobs or just don’t have health insurance
7/31/2021

Articles and publications of other companies:

How to Minimize Risks in Investment
Information may not be reliable
We have proven that a committed team with outstanding leadership and experience in the market can accomplish great things and therefore create great investment opportunities.
4/22/2019
Now individuals are turning to bankruptcy in record levels to eliminate their debt and to get back on their feet financially.
4/10/2020
Are You Using a Safe CBD Oil
Information may not be reliable
Most of these unsafe CBD oil products are developed and manufactured in China, Mexico, and numerous third world countries that do little or no oversight in the products they market.
5/6/2020
Understanding Death and Causes of Death with Real Time Figures across Age Groups
4/16/2020
However, you should bear in mind that there is reallyn't much scientific research to support the use of castor oil as a health treatment and the advantages of it for all these purposes.
5/25/2020
Tompkins Insurance Agencies Tompkins Insurance Agencies
Information is out of date
Tompkins Insurance Agencies is an insurance agency that serves communities in New York and southwestern Pennsylvania, although we are licensed to conduct insurance business in all 50 states.
8/16/2021
Business details
  • +1 (347) 622-7264
  • 3083 Dancing Dove Lane Whitestone
ETermHealth. com can help you find the perfect policy for your needs in no time with as little effort as possible
×