Short Term Health Insurance

What is short-term medical insurance?

Short-term medical insurance offers a solution to individuals in need of temporary medical coverage. This short-term medical insurance policy protects against unforeseen accidents and sicknesses, appropriate for individuals between jobs, students, new employees waiting for coverage to begin, or any eligible person who is temporarily without health insurance coverage. Coverage is available for periods of up to 6 or 11 months (varies by state).

What is co-insurance?

Co-insurance is the part of medical expenses you pay for after you pay the deductible. The remaining amount is covered by the policy. This policy gives you two options: 80/20, where underwriters pay 80% of eligible expenses (after deductible) and you pay 20% of the eligible expenses, or 50/50, where eligible expenses are equally split after your fulfillment of the deductible.

How soon can I start my coverage?

Your coverage can start tomorrow! If you submit your application and credit card payment today by Internet, fax or e-mail, coverage will begin tomorrow. Otherwise, your coverage will begin on the day following the date we receive your completed application and payment or on the date you requested on the application, whichever is later.

What if I need more time later? or What if I need coverage for the entire year?

Coverage periods of 6 or 11 months are available, depending on the state in which you will hold coverage. However, if you require more time, you may purchase a new policy as long as you have not held two previous policies in the same 12 month period! Coverage is not renewable; therefore, any subsequent policy will be treated as new and will be subject to the same preexisting condition provision and other limitations. Availability of re-purchase may vary in some states.

Does short-term medical insurance meet the requirements of the Affordable Care Act?

Patient Protection and Affordable Care Act ("PPACA"): This insurance is not subject to, and does not provide certain of the insurance benefits required by, the United States PPACA. In no event will HCC Life Insurance Company provide benefits in excess of those specified in the policy documents, and this insurance is not subject to guaranteed issuance or renewal. PPACA requires certain U.S. residents and citizens to obtain PPACA compliant insurance coverage. In certain circumstances penalties may be imposed on U.S. residents and citizens who do not maintain PPACA compliant insurance coverage. You should consult your attorney or tax professional to determine if PPACA's requirements are applicable to you. The policy contains the plan benefits, including a lifetime maximum that you have selected. Please review your choices to ensure that you have sufficient coverage to meet your medical needs.