Recently, short term health insurance is proving to be a very attractive option for those who are looking for immediate solutions for health care coverage in Toledo. So far, 2020 has been a year in which a lot of U.S. families are discovering that a traditional health plan is simply not an option. For most, the reason is affordability. The good news is, recent government legislation has significantly expanded the benefit capabilities of short-term insurance. Today's short term plans are now better equipped to meet a family's health insurance needs - at a price that one can afford. In addition, short term health insurance plans are not so "short" anymore. In Toledo Ohio, 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.
In Ohio, short-term health insurance plans are renewable. Individuals seeking a refuge from high ACA premiums can do so for two-to-three years under current policy. Though this ultimately may 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 the Affordable Care Act insurance plans, short-term health 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 insurance 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: Just because your doctor writes you a prescription doesn't mean you can fill it. Expensive medications for treatment of certain cancers, diabetes, liver disease, and a host of other maladies can cost patients tens to hundreds of thousands of dollars if the insurer does not cover the drugs. But even if the drugs are covered, insurers have been known to try to stall, just to see if the patient will come up with the money to pay for the drugs rather than wait on the insurer's approval. What can we say? It happens.
|Mercy Health - St. Anne Hospital
3404 W Sylvania Ave
Toledo, OH 43623
Telephone: (419) 407-2663
Plus Code: M9VF+7Q Toledo, Ohio
We are pleased to assist and will respond promptly.