Expanded Short Term Health - 3 year short term health plans
There's a lot of talk about the new Trump expansion of short term health plans.
For good reason.
Basically, an alternative to that market starting in 2019.
There will be lots of highly politicized takes on it both positive and negative depending on the political bent.
Just a head's up...all those people talking...
They may pay nothing for it!
It's great to tell other people how much they should pay when you pay next to nothing.
The reason why short term has become politicized has to do with the 3 year renewal option.
Short term is becoming much more long term!
You can always quote the new 3 year short term plans here:
Otherwise, you can jump to any of the new topics here:
Here we go.
On August 2nd, the Trump White House announced an executive order that would expand short term health coverage in 3 ways:
The duration expansion to 364 days was the big change.
Right behind it was the 3 year renewal option.
Essentially 3 years minus a few days.
Obama put restrictions on short term plans back in 2015.
Both in terms of duration and the ability to renew.
If we had two carriers in the State, we could bounce to another company.
If not, we were out of luck.
This move was to force people to the ACA or Obamacare market.
The 3 year renewal option is a move to give people a way around Obamacare.
Especially since the penalty goes away in 2019.
Let's look at exactly how this works.
Before the change, you might get a 90 day block of short term coverage.
They were probably out of luck at that point.
With the new expansion from Trump, two things happen on this front:
That's a total of just under 3 years.
Short term just got a lot longer!
When can we get these options?
Officially, the earliest available date is October 2nd.
3 months following the announcement on Aug 2nd.
It usually takes States a good 6 months to approve plan changes.
A 3 month turnaround is pretty impressive.
It WILL depend on the State.
Not every State will adopt the new changes.
Mainly along political lines.
California has already announced that they will bar the new plans.
Which is interesting.
I speak with them almost daily.
Couple in the 60's.
Make $75K annually - so no tax credit
Bronze plan (cheapest) is $2K per month
It's not viable.
It's not even laughable.
Yet, California has decided they must or go without insurance.
We understand why they're doing it (more on that later) but there are lots of people who don't qualify for a tax credit.
To check your State, just run the short term quote here:
Enter your zip code and date of birth.
The quote system will show you all available options including the 364 day plans if available.
Some States may bring on the 3 year renewal plans later.
You can always check with us at 800-320-6269 or by email for your particular State.
There's no cost for our assistance as license short term health agents. ZERO!
There are two companies nationwide that dominate short term health plans:
As new companies come on board, we'll add them to the quote page here:
As for States with short term available (90 day or 364 day), here's the list:
Some States will likely bar the expansion to 364 days along political lines.
We don't expect expansion from California, New York, New Jersey and the like.
Where it is available, who might it be good for?
This is the question.
We have an entire article on 3 year renewal short term versus Obamacare.
A few quick questions help with the decision:
Let's look at each of these.
Some people get short term health plans because they have CANT enroll in Obamacare.
If you miss it and don't have a special enrollment trigger, you make be out of luck.
Medicaid/Medi-cal may be available year round.
Short term may then be the only option alongside Health Sharing plans.
If you lapsed coverage, you may find yourself in this same (sinking) boat.
You need short term at least till Open Enrollment.
Unless your tax credit is really small.
Almost all the people who will want 3 year short term do not qualify for a tax credit.
If you don't qualify for a tax credit, Obamacare can be very expensive.
Is it possible for you to pay that monthly premium?
The coverage is richer (see difference between 3 year short term and Obamacare)...
But only if you can afford it.
Lapsed coverage doesn't help much even if it's richer!
Finally...look at your health.
Short term plans are designed for the big bills primarily.
Major medical insurance.
Here's a quick look at difference:
We're happy to help you compare the options for your needs.
There ZERO cost for our assistance as licensed short term agents.
Why so politicized?
Why take away options from people on what they can buy?
Some people just want coverage for the big bills.
Why not let them get these more limited plans?
This is happening already since there was never a cost containment built into Obamacare.
The costs roughly tripled since 2014 without the expanded short term.
People started going to health sharing plans in droves starting in 2017.
It will just occur at a faster clip.
Only the people that have Obamacare without a tax credit.
You can learn more about it in our expanded short term article here.
This is easy.
You can access the quote and enrollment pages for the major 3 year short term companies here:
The quoting and enrollment is all online.
It generally takes 5-10 minutes to quote and enroll.
There's no cost for our assistance!
A few notes on short term enrollment:
We're happy to help with any questions at 800-320-6269 or by email.
Big changes are coming to the short term market.
The move to up to 3 years or short term renewal is one of the biggest (2nd actually).
The dominant two short term companies will roll out in earnest:
You can compare them here.
More carriers will likely come onto the market.
It's important to understand the differences of short term versus Obamacare.
It's also important to be able to afford the monthly premium.
That last point is the SOLE driver to the new changes.
Again, there is absolutely no cost to you for our services as licensed Short term health agents. Call 800-320-6269 Today!
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