Speak to an advisor1-888-855-6837
Federal law caps short-term health insurance policies at 90 days (this may be changing soon). But what happens when your gap between major medical plans doesn’t fit neatly into a 3-month period?
You have a few options, including an individual major medical (i.e., Obamacare) plan. (That’s your best choice if you need health insurance that fulfills the Affordable Care Act’s individual mandate.)
But if you’re looking for traditional short-term medical coverage for a longer time period, then keep reading.
2 x 3 may not be a formal product name, but it is the industry term for two consecutive 90-day short-term health insurance plans. This option is all about convenience: You apply for and enroll in both policies at the same time. That means the second policy begins when you need it, and you don’t need to shop, apply and enroll again.
Plus, because you apply for both policies at once, any conditions that crop up during your first policy will be covered by your second. If you were to purchase them separately, this would not necessarily be the case.
First, you’ll need to find out if buying 6 months of short-term health insurance at once is an option for you (some states don’t allow it). To find out, ask a health insurance producer or call the customer service number for the plan you are considering.
Once you pinpoint the right coverage, it’s simple.
When you need health benefits for more than 90 days, buying two back-to-back short-term health insurance plans at once is a way to help you save time and avoid forgetting to enroll in another plan later.
After that, the reasons you might opt to buy short-term health insurance are the same as they typically would be:
Buying short-term health insurance with a 2x3 option can be an efficient way to secure health benefits for up to 6 months, but there are some important things to know before you buy.
The 2 x 3 option may not be available with every short-term plan. You’ll need to talk with a health insurance producer to find it.
If you don’t have access to a 2 x 3 option, you may be able to apply for and enroll in another short-term plan once your current short-term policy expires. Keep in mind that not every state allows back-to-back short-term policies, regardless of how you apply and enroll.
Not all short-term plans are the same, so it is good to get a quote and compare the different plans available to you to determine which benefits best meet your needs. (Learn more about comparing and selecting the right short-term coverage.)
Short-term coverage isn’t necessarily right for everyone, including those who need to avoid the ACA tax penalty or those who have extensive pre-existing healthcare needs.
Read more about short-term health insurance and get answers to frequently asked questions, then contact a health insurance producer to learn more about your options (including short-term health insurance for 6 months).
Lower, A. (2018). Average Short-Term Health Premium Creeps Lower | ThinkAdvisor. ThinkAdvisor. Retrieved 19 April 2018, from https://www.thinkadvisor.com/2017/11/13/average-short-term-health-premium-creeps-lower