Temporary health insurance is becoming increasingly popular in the ACA market. Due to rising health insurance premiums and stricter guidelines on enrollment periods, many people are turning to short term insurance as a long-term solution. Because short term health plans are not subject to the laws of the ACA, they are less-expensive and can be purchased outside of Open Enrollment. For individuals and families who have either missed Open Enrollment or who simply cannot afford an ACA-approved Qualified Health Plan, short term coverage is a viable option.
In fact, you can enroll in a short term plan and have coverage effective as soon as the next day and you can purchase anywhere from 1 month to 11 months of coverage at a time. Whereas in the past, temporary health insurance was something people typically purchased in order to fill small coverage gaps, it has become a form of primary insurance for many individuals and families.
While temporary insurance plans are not designed to for everyone as they do not cover pre-existing conditions, some people are finding they are the perfect solution to their health insurance needs. Short term insurance plans provide the peace of mind of knowing you are covered should you have an accident or face an unexpected illness and they can save you from the financial devastation of facing burdensome health care costs if uninsured. The good news about temporary insurance is if you enroll in this type of plan and realize for some reason it is not going to work for you, you can always change to an ACA Qualified Health Plan during Open Enrollment.
In this ever-changing health insurance market, keep in mind you have options. For many Americans, temporary health insurance is offering the coverage they need at a price they can afford. For more information on North Carolina insurance coverage, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our experienced and professional agents.