It can be confusing to navigate the many different types of health insurance plans to fit every aspect of your lifestyle, including your health, budget, and coverage needs. If you are looking for new health insurance, you may not know that there are options outside of the marketplace and major medical plans. Short-term health insurance, also known as short-term medical (STM) insurance is one of them.
Short-term medical insurance can be a cheaper alternative to traditional major medical health insurance. By limiting the covered conditions and amount of covered benefits, short-term medical insurance can offer lower premiums than major medical plans. Keep in mind that short-term health insurance does not provide Minimum Essential Coverage or coverage for pre-existing conditions. If you have chronic conditions that require more coverage than we can offer or want more benefits, such as maternity care or prescription drug coverage, then a major medical plan would be a better fit for you. If you don’t have any pre-existing conditions and you’re searching for an affordable health insurance option that you can keep for up to twelve months, then keep reading.
Why Short-Term Health?
We want to help you and your family save money on your health insurance and provide you with coverage that you can use during times of need. Short-term health insurance is a viable health insurance option with some financial protection from expensive, unexpected medical expenses. All of our plans pay benefits for:
- Doctor visits and some preventative care
- Ground ambulance trips and emergency room visits
- Urgent care visits
- Some diagnostic testing
- Child immunizations
- Physical therapy
- Home health care
Short-term medical insurance could give you the confidence you need during life’s unpredictable moments. Short-term health insurance plans through Vera Health include flexible, personalized options to meet your needs, budget, and timeframe.
Is Short-Term Health Insurance Right for Me?
Short-term health insurance isn’t for everyone, but if you fall under any of the following categories, it could be the best fit for your health insurance needs. Consider short-term health insurance if you:
- Don’t have any pre-existing conditions
- Are not pregnant or planning a pregnancy
- Need health insurance outside of the annual ACA open enrollment period
- Are in-between jobs
- Do not receive health insurance from an employer
- Are self-employed
Does Short-Term Health Insurance Cover My Family?
If you’re married or have a family, short-term health insurance could also be your most affordable choice for health insurance to protect you and your loved ones. Just keep in mind that each member of your family must meet the requirements of the STM plan that you apply for.
At Vera Health, we aim to remove the mystery, fluff, and hassle from health care. Life comes with enough stress, and health insurance shouldn’t have to bog you down. Think short-term medical could be a good fit? Get in touch with one of our friendly Vera Health experts to learn more about our customized plans. Give us a call at 844-961-9645 to learn more about Vera. No mystery, no fluff, no hassle.
Short Term Medical coverage is not required to comply with federal market requirements for health insurance, principally those contained in the Affordable Care Act. Be sure to check your policy carefully to make sure you are aware of any exclusions or limitations regarding coverage of pre-existing conditions or health benefits (such as hospitalization, emergency service, maternity care, preventive care, prescription drugs, and mental health and substance use disorder services). If this coverage expires or you lose eligibility for this coverage, you might have to wait until an open enrollment period to get other health insurance coverage.