Long-Term Health Insurance that Isn't Obamacare

Jenifer Dorsey
2018-10-09 April 21st, 2017 |
Read time: 2 minutes

What to Do When You Need Long-Term Coverage That Isn’t Obamacare

You need health insurance, and you need it soon. But there’s a bit of a problem: Open enrollment for 2017 Obamacare plans ended January 31, and you do not qualify for a special enrollment period to purchase one now.

Oftentimes, people in your situation want health insurance that they consider cheap, can be quickly and easily obtained, and will help pay for unexpected medical expenses.

Get health benefits now

Short-term health plans are a common option for those in between job-based plans and other minimum essential coverage (e.g., major medical, aka Obamacare).

Short-term medical insurance, which is sometimes called STM, can be an attractive temporary option for the following reasons:

  • It can be quickly obtained online
  • Coverage may begin as early as the next day
  • Policies last 30 to 90 days – you may be able to reapply for another policy, depending on your state’s laws
  • Plans include benefits for unexpected medical expenses such as emergency room treatment, surgical services, hospital room and board, and more
  • Premiums tend to be lower than those of major medical insurance

How much is STM? Get a quick quote!

No contact information needed unless you apply.

Benefits longer than 90 days

If you need coverage that lasts longer than three months—and, again, an Obamacare plan isn’t an option—consider a hospital indemnity plan (i.e., HIP, fixed indemnity benefit plan).

Hospital indemnity plans:

  • Include benefits that can be applied to covered healthcare services resulting from hospitalization, surgery, chemotherapy and radiation services1
  • Last all year
  • Are guaranteed to be renewable
  • Include lump-sum cash critical illness benefits
  • Can be kept after you enroll in major medical insurance (i.e., an Obamacare plan)2

See an example

HIP can be a smart option if you:

  • Need long-term benefits
  • Don’t typically require a lot of healthcare

Get a no-pressure quote.

Call the number at the top of your screen to learn more.

Which is better, short-term or hospital indemnity?

Whether you should choose short-term coverage or a hospital indemnity plan depends entirely on your healthcare needs and budget. This chart can help you quickly compare the two; however, speak with a licensed health insurance producer by calling the number at the top of your screen or click here to find a local agent.

Short-Term Medical Insurance Hospital Indemnity Insurance
Multiple Coverage Start Dates
Guaranteed Renewable
Quote + Enroll Anytime
Policy Length > 90 Days
First-Dollar Benefits
Critical Illness Benefits
Year-Round Enrollment

Neither short-term plans nor hospital indemnity plans qualify as minimum essential coverage under the Affordable Care Act, which means you could still owe a tax penalty unless you are exempt from the individual shared responsibility provision (i.e., mandate). When in doubt, speak with a health insurance producer about your coverage options and potential exemptions.


Begin Coverage in 3 Easy Steps!

Step 1: Get a quote within seconds
Step 2: Compare multiple plans
Step 3: Finish application online


  • 1 These benefits apply to a specific duration and the amount remains the same regardless of the actual costs of services.
  • 2 Hospital indemnity plans do not coordinate with other coverage