What Have New Rules Changed About Short Term Health Insurance?
If you’re shopping for Short Term health insurance2, or if your current Short Term insurance plan is coming to an end, recent changes to rules for temporary health insurance may interest you.
The recent Final Rule enacted by the federal government defined Short Term Limited Duration insurance with terms of less than 12 months, or put another way, terms up to 364 days. This is up from the under 90-day term length these plans have had for the past 2 years. This means you can fill a longer gap in your coverage or take additional time to find a more permanent health insurance solution for you and your loved ones. One thing to remember: States still have the final authority to create regulations around short term insurance, so terms lengths will vary by state.
Temporary Health Insurance Hasn’t Fundamentally Changed
The length of coverage may have changed, but remember, the coverage you can apply for with temporary health insurance hasn’t changed.
Golden Rule Insurance Company Short Term Medical insurance plans are still...
Temporary coverage while you are between long-term solutions
- Plans start at (Sample rate is base monthly premium only for a Short Term Medical Value plan for unmarried female 19-24, non-smoker, ZIP code 493--, $10,000 deductible, 60/40 coinsurance.4)
You can apply for it year round
- Possibly solving your health insurance coverage needs if you missed Open Enrollment
- Providing an option if you don’t have a qualifying event to open a Special Enrollment period for major medical insurance
In effect as soon as the next day after you apply in many cases
Drop your coverage without penalty when you’re ready
- Apply for another short term plan if you need to be covered longer.5
- Choose from a range of deductible amounts
- Add additional coverage for accidents6
- Take advantage of lump sum payments to get a cheaper premium
Click View Plans now to learn more about short term health insurance options and term lengths available in your state.