Alabama & Indiana Short Term Insurance Quote & Buy

Low-Cost, Short Term Insurance Plans

Short term insurance plans do not cover pre-existing conditions and work a lot like health insurance worked before the ACA law was passed. Both Alabama & Indiana health insurance short term plans are underwritten to determine if the carrier will approve or decline the customer. Because these plans do not accept unhealthy individuals they are typically more affordable than other plans available in Alabama, Indiana and other states.

Short-term health insurance plans are typically for those between jobs and outside open enrollment. In the last couple of years, many customers have started to use short-term health policies as their permanent coverage, waiting to see if new healthcare bills are passed. While usually more affordable than other options, it's important to understand the risk involved when doing this and ways to reduce the risk. We can help you find the right affordable short term insurance plans in Alabama or Indiana at the best possible price while reducing your overall risk.
There are several short-term affordable Alabama & Indiana health insurance carriers to choose from but not all of these health plans are created equally. Due to a new law, short-term policies have to be renewed every 3 months. This creates a new type of risk for these policies in that if something happens to your health while insured under one of these policies, the carrier is likely not going to renew you at the end of the 3-month term. Because of this rule, some insurers have developed plans that will guarantee a second (or even third 3rd and 4th) term renewal regardless of health issues or other conditions that would typically cause a denial of renewal. This is known as a 3x2 or 3x4 policy.
UPDATE:
On February 20, 2018, the HHS (Department of Health and Human Services) proposed a new rule that will raise the duration of short-term medical insurance plans from 3 months to 12 months. They proposed this guideline as part of an executive order President Trump issued on October 2017 telling the division to create regulations or guidance that could make short-term health insurance plans more easily available to purchase and to encourage customer options and increase carrier competition in the medical insurance market.

In late 2016, the government put a cap on the duration of short term insurance plans at 90 days due to worries that the plans had been allowing people to avoid the ACA health care legislation and keeping the healthiest individuals from purchasing on the ACA exchange. The White House desires to cancel the 90-day cap and to increase insurance coverage options for people who don’t have insurance coverage through the ACA exchanges. Insurers have previously discovered an easy method around the 90-day limit by providing four and two-segments or packages of three-month plans that just require the applicant opt into automatic renewal each quarter. However, with most of these methods, the deductible was renewed every quarter. Under the proposed law deductibles will not renew until the start of a new 364 day period. Get a free quote from the top short-term health insurance carriers in Alabama or Indiana. Want more info on short-term health insurance checkout this article...Shopping for the Right Short Term Health Plan.

Affordable Plans For Those in Between Jobs or Coverage

The Best Short Term Health Insurance Options

There are several options when it comes to short term Alabama & Indiana health insurance. Depending on health issues, height, weight and other factors you may choose one plan over another. The first option below (United Healthcare) is great option for people that have a healthy BMI and no major health issues. United is also a good option because they are one of the largest carriers in the country giving them a lot of push when it comes to negotiating lower rates with doctors and hospitals. The second and third options are good for customers that have minor health issues or even controlled major issues (like non-insulin dependent diabetes). Lastly, the last option (Hii) is a good option for those wanting a guaranteed 6 or 12 month term. By choosing the 3x2 or 3x4 option a customer can guarantee continued coverage for no less than 6 or 12 months (depending on state of issue).

About Temporary Health Insurance

All policies are available for up to 2 million dollars in coverage and deductibles from 500 to 12k. Most plans also have doctor copay options of $30-50. Plans do not cover pre-existing conditions and are fully underwritten based on health and body mass. These plans are not ACA (ObamaCare) compliant, so while the plans can be a very affordable option it's important that this is noted. There is no time frame that the customer is confined to, Policies can be canceled at any time.

These short term health insurance plans are designed for:

Recent college graduates

Between jobs or laid off

Waiting for employer-sponsored group coverage

Losing dependent status (turning 26, etc.)

Looking for a lower-cost alternative to COBRA

Recently retired and not eligible for Medicare yet

On strike

Waiting to evaluate other options

Waiting for ACA Marketplace open enrollment

Co-pay or No Co-pay?

When searching for short term coverage you'll likely notice that some plans include doctor and prescription co-pay's while others don't. This can be a confusing choice for many customers. On the one hand it's nice to know ahead of time the exact amount you'll be charged for a service. On the other hand the additional premium cost to include this feature sometimes outweighs the perceived potential benefit. Whether or not it's worth it to pay the extra cost for this feature will likely come down to your personal preferences and the carrier you choose. A large carrier with a huge network likely has a lot of negotiating power allowing them to obtain low network repricing. This is the price that the provider has agreed to charge the insurance carrier and their customers for services, such as office visits. In one of their short term brochure's published August 19th 2014, United Healthcare said that the average network repriced charges for a doctor's visit were $40.26 (averages taken from SCF zip code 336). Sure your doctor may be higher or lower, but that gives you a good idea of network repricing. So how much is a $20, $30 or $40 co-pay really worth to you? If you are willing to pay an extra $40, $60 or even $100 a month for a plan with a co-pay from a large carrier, you may want to consider how often you go to the doctor and if the extra cost is really worth it. On the other hand, if you are buying a plan from a smaller carrier (and there can be many reasons to do so), network pricing may not be as competitive and you may want to seek out plans from these carriers that provide co-pays. I've found that a lot of the smaller carriers like IHC will include primary doctor's office co-pays on almost all of their plans. This creates happier customers that don't have to worry about going to a doctor that has higher than average network pricing. Insurance like many things in life is still a gamble. It's just makes the other gambles in life less risky. Picking the right plan that will protect your finances and not waste them is the goal. We're here to help you do just that. We can talk on the phone or meet with you in your home, office or local coffee shop. You can also do it yourself on this website and still have me as your agent to assist you when you need it. The choice is yours, either way I'm happy you're here.

New Pre-Exisiting Condition Rider

Hii is now offering auto-renewal plans with a no pre-existing condition rider. This means that you can choose for your plan to automatically renew for up to 3 years and not have to worry about any pre-exisiting conditions that developed during the previous term. No worrying about not having your policy renewed when you still need it or not having a condition covered that developed prior to your policy renewal. You can choose this option when quoting a Hii Short term Medical Plan through the quoting link below. Just choose plan option 1 and select "Yes" for the pre-exisiting rider question.

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