Short Term Medical

Short Term Medical plans

Short Term Medical plans are a great option for these situations:

  • You need to bridge a coverage gap outside of Open Enrollment
  • You are in good health and want to keep costs down while still having excellent major medical coverage
  • You want more freedom to choose your own medical providers…nationwide coverage!
  • You are between jobs
  • You need coverage to start within 24 hours
  • You want catastrophic protection
  • You are exempt from paying the individual shared responsibility payment (Affordable Care Act penalty) *Short Term Medical plans are not ACA Qualified Health Plans.
  • You are less than 1 year away from becoming eligible for Medicare
  • Any transitional period with uncertainty (i.e. moving)

Short Term Medical plans might NOT be a good fit for you if:

  • You want to use a Premium Tax Credit (subsidy) to pay for premiums
  • You have pre-existing health conditions (STM carriers can ask health questions)
  • You are concerned about having to pay the individual shared responsibility payment (Affordable Care Act penalty) *Short Term Medical plans are not ACA Qualified Health Plans.
  • You are eligible for Medicare

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