Can You Get Short-term Medical Insurance Anytime?

If you’ve ever found yourself between jobs, waiting for employer coverage to kick in or simply in need of a temporary health insurance solution, you may have wondered whether short-term medical plans are available. The good news is that, unlike Health Insurance Marketplace plans and Medicare coverage, short-term medical insurance may be available in many states year-round, with no open enrollment period required.

How Short-term Medical Insurance Works

Short-term medical plans are designed to fill coverage gaps for limited periods. They typically offer a faster application process and may provide coverage within days of approval. Details and availability of these plans can vary significantly by state, as some have outlawed the sale of such plans. As such, it’s important to speak with a knowledgeable insurance professional, such as those at United Benefit Solutions, LLC, before assuming you’ll be able to find coverage.

Who Typically Uses Short-term Coverage

Short-term medical insurance should not be relied on for long-term coverage, but can be a practical option for those in many common situations, including:

• Recent graduates or those who have recently turned 26 and are no longer on a parent’s plan
• Employees in a waiting period before workplace benefits begin
• Those who have lost previous coverage, such as due to divorce or loss of employment
• Individuals who missed open enrollment for marketplace coverage
• Early retirees who are not yet eligible for Medicare

What to Keep in Mind

Short-term plans often have more limited coverage than marketplace options. For example, they typically do not cover preexisting conditions. They are not considered minimum essential coverage under the Affordable Care Act, which means they may not satisfy any coverage requirements that apply in your state. Always review the plan details carefully before enrolling, and check your policy for specifics on what is and is not included.

Finding the Right Fit

Contact United Benefit Solutions, LLC today to explore short-term medical options that fit your situation.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.