Due to recent health insurance legislation changes, short term health insurance is proving to be a pretty attractive option for those who are looking for immediate solutions for health care coverage in Cape Coral. So far, 2020 has been a year in which a lot of U.S. families are discovering that traditional health insurance is simply not an option. For most, the reason is affordability. A short term plan has the capability to suit a family's health insurance needs while being more reasonably priced. Also, short term health insurance plans are not so "short" anymore. In Cape Coral Florida, you can purchase a short term health insurance plan, and keep it for at least a year, perhaps as long as three years. Use the link above to run an instant quote to see rates and term lengths for where you live.
Compared with standard ACA plans, which can run even healthy individuals around $400-plus dollars every month, short-term health insurance plans average less than $100 a month, with some options being as low as $70-$80.
Of course, the amount of coverage offered depends on the price. You obviously won’t get the same amount of coverage with even a more-expensive $100 plan as you would with an ACA option. This is why short-term health insurance plans are being increasingly sought by healthier individuals who don’t require all the coverage mandated by the ACA.
For individuals, especially, short-term health insurance plans offer a nice way out of one-size-fits-all healthcare packages with exorbitant premiums. It’s recommended that you look at each plan in detail to make sure you are getting the coverage you need for your individual situation.
Under the law, these short-term health insurance plans are now renewable. Individuals seeking a refuge from high ACA premiums can do so for two-to-three years under current policy. Though this ultimately does not satisfy long-term demand, it provides a medium-range option that may prove more viable than traditional ACA plans for individuals or families who don’t qualify for government subsidies.
Most companies will allow individuals to renew existing plans without changes. This means customers can enjoy up to three years of medical insurance with the plans they choose.
Unlike traditional insurance plans, short-term insurance plans require no open enrollment. Those seeking these plans simply need to sign up and be approved to gain nearly instant access to medical coverage. Typically, short-term insurance plans begin coverage within one to fourteen days of being approved, whereas ACA plans can take between two and six weeks to go into effect.
Despite there being no set window period for enrollment, many short-term insurance companies opt to take part in open enrollment periods, if only to create awareness for their plans. If you plan on participating in this year’s open enrollment, pay attention for these companies and see if their alternative plans are right for you. If you don’t wish to wait, however, keep in mind that short-term insurance is offered year long, so you never have to worry about missing an open enrollment period.
Good to know: Talk to an independent agent. An independent insurance agent is an essential resource when purchasing insurance. An independent agent works with multiple different carriers, which is different from captive agents who can only sell insurance from the carrier they work for. Working with an independent agent can help make sure that you are getting the best coverage, for the best price.
|Cape Coral Hospital
636 Del Prado Blvd S
Cape Coral, FL 33990
Telephone: (239) 424-2000
Plus Code: J3R5+22 Cape Coral, Florida
Explaining The Growth of Healthcare Sharing Healthplans
We are pleased to assist and will respond promptly.