arizona short term health insurance
Who Should Consider arizona short term health insurance?
This question is better answered by addressing who should not consider Short Term Health Insurance. Short Term plans aren’t for everyone. People with certain chronic conditions, poor health, or complex medical needs are often better served by an ACA or large employer-sponsored health plan plan, both of which offer benefits for numerous conditions including mental health and maternity needs. Additionally, people who have had a significant health event or medical condition in the past five years may have a hard time finding a Short Term Health Insurance plan that will accept them or provide coverage for their pre-existing condition. Even if you don’t need the breadth of coverage an Obamacare plan offers, if the idea of 10 essential minimum benefits is reassuring, then an ACA plan is likely a better fit for you.
Will Short Term Health Insurance Work For Me?
Short Term Health Insurance might be right for you if:
- You are a student, a recent graduate, or have aged out of your parent’s health insurance plan.
- You’re in between jobs, a part-time or temporary worker, or looking for a less expensive alternative to COBRA.
- You have a waiting period before you can enroll in another major medical insurance plan.
- Your preferred doctor or hospital doesn’t accept Obamacare or an Obamacare plan isn’t available in your area.
- You’ve retired but are too young to be eligible Medicare.
- You missed the annual Open Enrollment Period for Obamacare/ACA plans.
- Like millions of Americans, you simply can’t afford Obamacare.
How Is Short Term Health Insurance Different From Obamacare?
Affordable Care Act plans have broader benefits than those found in Short Term Health Insurance plans and, without the premium subsidies available to some qualified purchasers, they cost much more than Short Term Health Insurance plans.
As mentioned before, all ACA health plans must have the 10 essential health benefits. Short Term Health Insurance plans, in comparison, do not have a standardized set of benefits. Short Term Health Insurance plans usually offer what would be described as streamlined major medical coverage that covers healthcare costs in the event of accidents and illnesses. Most Short Term Health Insurance plans also cover doctor visits for routine illnesses and injuries.
The chart below details some of the major benefit differences between Short Term Health Insurance and Affordable Care Act plans. It is important to note that Affordable Care Act plans do not deny care for pre-existing conditions nor do they reject applicants based on health problems. In addition, states’ rules regarding Short Term Health Insurance are changing so while our chart is a general breakdown, always read your plan brochure before selecting your plan.