Why Short-Term Health Insurance Might Be Your Best Option

Missed Open Enrollment? Why Short-Term Health Insurance Might Be Your Best Option Short-term plans can help pay for unexpected medical expenses: How long short-term health insurance plans may last-length and renewal vary by states V Emergency room visits Ambulance Hospitalization 30 to 364 days Outpatient hospital care What will short-term coverage cost you? $67 $153 average premium for short-term individual policy average premium for short-term family policy What you can expect to spend on short-term health insurance will vary. Monthly premium rates are based on factors such as: How much you are willing to contribute out-of-pocket for medical care Your Where Tobacco Deductible Plan benefits selected age you live use The Risks of Going Uninsured Gaps in health insurance coverage can be risky. Are you prepared to 100 percent out of pocket for unexpected medical care? BILLS $9,700 The average ost of a hospital stay >20% Percent of American adults struggle to pay their medical bills 3 in 5 Estimated number of 2013 bankruptcies due to medical bill BILLS The uninsured are 2x more 1.7 million Number of Americans who live in households that will declare bankruptcy due to their inability to pay medical bills likely to struggle with paying medical bills A temporary option for many situations* Many people with a gap in health insurance find value in short-term health policies. Ideal candidates for these plans may include: Those in between jobs with employer-based health insurance Temporary and part-time workers Those in an employer waiting period The uninsured with no other options CO Recent college graduates Missed Obamacare open enrollment Young adults who reach age 26 and are no longer eligible for coverage through their parents Qualify for a hardship exemption but still want some health insurance benefits Anyone else between major medical insurance plans Retirees who are not yet 65 A few notes on eligibility • You must be under age 65 to qualify • Pre-existing conditions are typically not covered by short-term health plans • You cannot be covered by another health insurance policy • You may be denied coverage at the time of enrollment based on health status, unlike major medical insurance plans. Want to buy it now? Here is how: Shop for short-term health insurance online. Many websites require only basic information-your birth date, gender and ZIP code-to provide you with quotes from multiple carriers, all within seconds. Visit www.HealthCare.com to shop for short-term health insurance plans and compare prices from the Web's best health insurance carriers. * Short-term health insurance plans are not considered Qualified Health Plans. They do not fulfill the requirement that most Americans have health insurance, will not prevent you from owing a tax penalty if you are not exempt from purchasing minimum essential coverage, and are not eligible for a premium subsidy. POWERED BY HealthCare.com" Healhcare Made Simple Sources: ' Pfuntner, A (Truven Health Analytics), Wier, LM (Truven Health Analytics), Steiner, C (AHRQ). Costs for Hospital Stays in the United States, 2010. HCUP Statistical Brief 146. Agency for Healthcare Research and Quality, Rockville, MD. January 2013. LaMontagne, Christina. "NerdWallet Health Finds Medical Bankruptcy Accounts for Majority of Personal Bankruptcies. NerdWallet Health. March 26, 2014. "LaMontagne, Christina. "NerdWallet Health Finds Medical Bankruptcy Accounts for Majority of Personal Bankruptcies." NerdWallet Health. March 26, 2014. *LaMontagne, Christina. "NerdWallet Health Finds Medical Bankruptcy Accounts for Majority of Personal Bankruptcies. NerdWallet Health. March 26, 2014, SThe Henry J. Kaiser Family Foundation. "Key Facts about the Uninsured Population."Sept. 26, 2013. * eHealth. The Cost & Benefits of Short-Term Individual and Family Health Insurance Plans. June 2012. 'eHealth. The Cost & Benefits of Short-Term Individual and Family Health Insurance Plans. June 2012.