Health Insurance
Short Term Health Insurance
Can Short-Term Insurance Address Your Needs?
Short-term health insurance plans offer a more affordable alternative to traditional health coverage and are tailored for limited timeframes. They are ideal for situations such as job loss, aging out of parental insurance, being a college student, retirement before Medicare eligibility, self-employment, or simply requiring temporary coverage. Depending on your state, these plans can be purchased for durations ranging from one month to three years. While they aren’t intended to serve as comprehensive medical insurance, they can shield you from unexpected medical expenses.
It’s important to note that short-term plans do not have to adhere to the Affordable Care Act (ACA) standards for minimum essential coverage. Depending on the specific plan, you may have access to services like preventive care, emergency care, urgent care, and doctor visits.
Typically, short-term insurance plans feature higher deductibles and do not cover pre-existing conditions. They are primarily designed for individuals who are generally healthy, as those with pre-existing medical issues may find limited or no coverage.
OBAMACARE
(ACA/Affordable Care Act) – Under 65 Health Insurance
Early Retirement & Healthcare Coverage
If you’re thinking about retiring early, your income is likely to drop significantly. Depending on your earnings, you may qualify for financial assistance (subsidies) through Obamacare, making it a viable choice for healthcare coverage.
Keep in mind that eligibility for these subsidies is determined by your total annual income, not just what you earn during the months you enroll in a marketplace plan.
If you’re exploring early retirement and want to understand your healthcare options, don’t hesitate to reach out—we’re here to assist you!