Just because we’ve been through open enrollment once before doesn’t mean we’ve got all the answers. For instance, we know that many of the uninsured intend to get coverage but are unaware of open enrollment deadlines—and what happens if someone misses that deadline.1
Fortunately, insurance companies aren’t leaving the uninsured in the cold at the stroke of midnight. While consumers who miss open enrollment are not eligible for coverage until the next open enrollment period unless they have a qualifying event, they may be able to secure health insurance coverage by purchasing a temporary or short-term medical plan. While those who seek temporary coverage are still responsible for any tax penalties incurred by not having an Obamacare-compliant policy, temporary health coverage can provide peace of mind for the uninsured concerned about financial fallout as a result of serious illness or injury.
The IHC Group’s Short Term Medical (STM) product provides coverage for 30-364 days. The maximum plan length will vary from state to state, but it can provide invaluable peace of mind for those who missed open enrollment or have begun a new job and are in a waiting period prior to being eligible for benefits. It can also be of benefit to those who return from military service and need coverage while they search for a new job with health coverage.
With all of these options available no matter the time of year, there’s really no excuse to not have some form of health coverage.
Visit healthedeals.com for a quick, free temporary health insurance quote. If you need help determining your temporary or ACA-compliant health insurance options, both on and away from the Obamacare exchanges, contact a licensed health insurance agent at 888-839-7679.
THIS IS A SHORT TERM HEALTH BENEFIT PLAN THAT IS NOT INTENDED TO QUALIFY AS THE MINIMUM ESSENTIAL COVERAGE REQUIRED BY THE AFFORDABLE CARE ACT (ACA). UNLESS YOU PURCHASE A PLAN THAT PROVIDES MINIMUM ESSENTIAL COVERAGE IN ACCORDANCE WITH THE ACA, YOU MAY BE SUBJECT TO A FEDERAL TAX PENALTY. ALSO, THE TERMINATION OR LOSS OF THIS POLICY DOES NOT ENTITLE YOU TO A SPECIAL ENROLLMENT PERIOD TO PURCHASE A HEALTH BENEFIT PLAN THAT QUALIFIES AS MINIMUM ESSENTIAL COVERAGE OUTSIDE OF AN OPEN ENROLLMENT PERIOD. THIS POLICY INCLUDES A PRE-EXISTING CONDITION EXCLUSION PROVISION.
1Kaplan, Rebecca. "9 out of 10 Uninsured Are Unaware of Upcoming Obamacare Open Enrollment." CBSNews. CBS Interactive, 21 Oct. 2014. Web. 06 Nov. 2014.