The IHC Group
For over 30 years, the member companies of the IHC Group have provided health, life, disability, dental, vision, hospital indemnity, and medical stop-loss options to both individuals and groups alike.
3 Reasons For Short Term Medical
- Unable to acquire medical coverage
Open enrollment has ended and you find yourself without health insurance. You do not qualify for special enrollment by a life event such as marriage, new baby, or recent loss of health coverage. Short term may be the only option until the next open enrollment.
- You have a limited need
Short term medical coverage is catastrophic coverage. It has a high deductible and is able to cover you if you have a high cost medical situation, such as a hospital stay. It is important to note that coverage does not include pre-existing conditions.
- You have exhausted other options
Short term medical does not meet the minimum essential coverage required under the Affordable Care Act. Therefore you will likely owe the penalty for being without coverage.
Short term medical (STM) plans offer a quick, temporary solution when you are uninsured. Plans are available online and are active within 24 hours of application. STM coverage can last as few as 30 days and as long as 6 months.