Additional membership fees may be required. Product design and availability vary by state. Some Short Term plans are available as association group insurance only to members of FACT, an independent association. This is not Minimum Essential coverage as defined in the Affordable Care Act and may not cover all Essential Health Benefits in your state. If this coverage expires or you lose eligibility for this coverage, you might have to wait until an open enrollment period to get other health insurance coverage. Your policy/certificate might also have lifetime and/or annual dollar limits on health benefits. Be sure to check your policy/certificate carefully to make sure you are aware of any exclusions or limitations regarding coverage of preexisting conditions or health benefits (such as hospitalization, emergency services, maternity care, preventive care, prescription drugs, and mental health and substance use disorder services). This coverage is not required to comply with certain federal market requirements for health insurance, principally those contained in the Affordable Care Act. Short term plans are medically underwritten.Need long-term coverage for you and your family.Can't get health insurance through work.Are in between jobs or waiting for benefits to start.Turned 26 and are coming off a parent's plan.Missed open enrollment and don't qualify for a Special Enrollment Period (SEP).Short term plans offer limited coverage for a limited time.ĪCA plans offer comprehensive coverage for a full calendar year as long as you pay your premium. Depending on your income, you may be eligible for government subsidies to help lower the cost of an ACA plan. Short term plans can help you get the benefits you need in times where you may have a gap in coverage - like when you're in between jobs or waiting for other coverage to start.ĪCA plans are sold on the health care Marketplace (also called the Exchange). Difference between short term plans and ACA plans Short term health insurance plans
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