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Shelly Rogers
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Shelly Rogers   My Press Releases

Nevada Insurance Enrollment Explains Newly Expanded Short-Term Health Insurance Plans

Published on 6/28/2018
For additional information  Click Here

Post - The Future of Short Term Health Insurance


These NEW Plans May Leave Americans Underinsured

In October of 2017, President Trump signed an executive order that extended the duration that short-term health insurance plans could be available. Under ACA, these limited-duration plans were available for a maximum of 90 days; however, beginning as soon as July of 2018, Americans will be able to carry short-term health insurance for up to 364 days. While short-term health insurance plans are a relatively inexpensive alternative to traditional long-term health insurance plans, they offer significantly fewer benefits and consumer protections, leaving subscribers vulnerable in the event of a serious injury or illness.

Short-term health insurance is designed to provide coverage during a time of transition or a gap in long-term health insurance, such as when an individual changes employers, loses health insurance coverage through a spouse due to a death or divorce, or ages out of their parents' health insurance plan. While it typically has significantly lower premiums than long-term health insurance, it generally does not provide coverage for preventative care, maternity care, prescription drugs, and other benefits that ACA-compliant major medical coverage is currently required to provide. These plans also have high deductibles and co-pays, resulting in high out-of-pocket expenses if an individual has to use their short-term health insurance.

Under the Obama administration, regulation was passed that limited the duration of short-term health insurance to 90 days. However, in October of 2017, President Trump signed an executive order that extended the duration to 364 days. Additionally, effective in 2019, the individual mandate's enforcement was repealed, eliminating the tax burden that uninsured Americans would face.

While ACA-compliant health insurance plans are generally affordable for those who qualify for government subsidies, individuals who do not meet the eligibility requirements may have difficulty paying for coverage. Healthy individuals who are financially unable to sign up for a long-term ACA-compliant health insurance plan may opt instead to sign up for a short-term health insurance plan.

These bare-bones plans are becoming more common and are expected to increase in popularity in 2019, when those who forego an ACA-compliant health insurance plan will no longer face a tax penalty.

To capitalize on new federal guidelines and bring affordable health insurance options to Americans, many health insurance providers offer back-to-back 90-day short-term health insurance policies. Applicants go through an initial medical underwriting process and then are automatically re-enrolled in a new plan every 90 days, enjoying uninterrupted health insurance coverage for nearly a full year.

Those with pre-existing conditions are not eligible for short-term health insurance. Therefore, if an individual who has enrolled in multiple short-term health insurance plans develops a medical condition, it will be necessary for them to enroll in an ACA-compliant health insurance plan once their pre-purchased series of plans ends. Additionally, an enrollee's deductible resets to zero at the end of each 90-day term, meaning that even if the total out-of-pocket deductible is met during one term, it would reset at the beginning of the next.

Learn more: CLICK HERE


About Nevada Insurance Enrollment:

For over 15 years Shelly Rogers was a Cardiac Registered Nurse helping people pre and post cardiac surgery. For 5 years she was a licensed insurance agent working for Anthem Blue Cross and Blue Shield where she was a top producing agent in the nation in 2011, 2012 and 2013 for Individual and Family Health Insurance sales. She is the President of Nevada Insurance Enrollment, owner of Farmers Insurance (Shelly Rogers Agency), and a Member of NAHU (National Association of Health Underwriters), Nevada Chapter.


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