Short-term Plans
What is a short-term plan?
If you are unable to afford an Affordable Care Act (ACA) plan, or missed the open enrollment deadline, you may want to consider a short-term plan.
If you have a gap in coverage, a short-term health plan can give you protection at a relatively affordable premium.
Most plans can be available within a few days of applying, and can offer terms anywhere between 30 days and just under 12 months.
- Short-term plans do not meet the requirements of the Affordable Care Act (ACA)
- Most preventive care is not 100% covered with short-term health plans.
- Available year round, with no waiting period.
- You are not subject to open enrollment windows or special enrollment periods.
Affordable Care Act (ACA) Federal Tax Penalty
In prior years, you may have been required to pay a federal tax penalty for having a short-term health plan since they do not meet the requirements of the Affordable Care Act.
This no longer applies as of January 1, 2019, but state penalties may apply in certain states. Please consult your tax advisor for more information.