short term health insurance

Short Term Health Insurance Coverage Duration Rules In Every State

Neither the Trump administration or Congress have been able to disassemble the Affordable Care Act (ACA) as it stands today, so states have stepped forward to protect or dismantle elements of the ACA on behalf of residents within state lines. One way they are doing this is expanding or limiting coverage durations on short term […] Read more

Does Your High Deductible Health Plan Make You ‘Functionally Uninsured’?

Between deductibles that can feel unmanageable and the hard-to-predict nature of medical bills, having health insurance can sometimes feel a bit like not having it.  You may consider yourself underinsured or “functionally uninsured” if you’ve got major medical insurance but still find it difficult to pay for healthcare. If this describes your situation, you’re not […] Read more

How Do Short Term and ACA Health Insurance Plans Differ?

There’s no shortage of options when it comes to buying health insurance in 2019. That doesn’t necessarily make your decision easier. Two common types of coverage include short term health insurance and major medical insurance. Both provide a range of healthcare benefits to help you reduce your out-of-pocket medical spending, and both are available for […] Read more

How Does the Texas Ruling Impact ACA Health Insurance Right Now?

No stranger to a challenge, the Affordable Care Act (ACA) faced another blow when Texas federal court judge Reed O’Connor last month ruled it unconstitutional in light of Congress’ elimination of the individual mandate tax penalty. Judge O’Connor’s decision, which came the day before 2019 open enrollment ended, seemed poised to create confusion among consumers […] Read more

Improved Diagnosis for the 2019 Health Insurance Market

For many Americans, the news that 2019 may be a year of health insurance market stabilization comes as welcome relief. In contrast to the tumult of the past several years with skyrocketing premium increases, mandatory tax penalties for not purchasing Affordable Care Act (ACA)-compliant health insurance, tightened restrictions on non-ACA compliant insurance products, and a […] Read more

The Penalty for Not Having Health Insurance Ends October 2 (Not for Everyone – Just Most People)

Officially, the Obama-era penalty for not having health insurance ends on December 31, 2018. The penalty is 2.5% of your household taxable income. For someone with $100,000 of taxable income, that would equal $2,500. But under the Affordable Care Act, an individual can go three months without having coverage and not pay the penalty. That […] Read more

Health Care Coverage Advantages: Obamacare vs Non-Obamacare Plans

More than one million Americans have already dropped the Obamacare plan that they purchased in 2018, according to a new study by the Centers for Medicare and Medicaid (CMS). Although nearly 12 million people signed up for a plan on the marketplace exchange, only 10.6 million actually paid their first premium payment and had an […] Read more

Q&A About Short Term Medical Insurance Plans

In late 2018 Trump administration announced it had rolled-back an Obamacare-era rule that limited short term health insurance plans. Today short term medical (STM) plan coverage can be extended to 364 days and depending on individual state rules and the insurance company, extended up to 36 months in total. We spent time with Jeff Smedsrud, CEO […] Read more

New Health Insurance Exemptions May Help You Opt Out of Exchange Coverage

When the Affordable Care Act (ACA) legislation was enacted in 2010, one of its goals was to make affordable health insurance available to more Americans. A key, but controversial, piece of the legislation was the individual mandate clause, which required virtually everyone in the country to have ACA-compliant health insurance, or else be liable to […] Read more

Debunking Myths About Short Term Health Insurance

Last week the Trump administration announced it was proposing rolling back an Obamacare rule, allowing short term health insurance plans, also known as temporary plans, to extend coverage to 364 days instead of the current 90-day limitation on policies. Health and Human Services (HHS) Secretary Alex Azar lauded the move by the administration saying, “Americans […] Read more

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