Temporary – short term coverage…
Short Term Policies can be used when you are waiting for Open Enrollment into Obamacare and don’t qualify for Special Enrollment with a qualifying event, Medicare, EmployER Group Insurance, Maximum 3 Months – can be renewed.
Learn More ===> San Jose Mercury News 4.18.2014
Instant Quotes & Enrollment
Unfortunately due to the political and regulatory climate, Petersen International Underwriters (PIU) will no longer be offering new STM enrollments after 2/28/2018. All new customers must enroll on or before 2/28/2018 with an effective date no later than 3/1/2018. Your agent link for the STM will no longer be active after 2/28/2018.
The better news is that in force policies will not be affected. Existing policy holders can continue to reapply for coverage up to 11 months in aggregate from the Retro Date (3 month maximum term per policy).
Quotes & Enrollment through Insubuy.com
Key Provisions & Caveats
Pre-Existing Conditions generally are NOT covered
If one selected a Bronze Plan… and now wants better benefits – Can they get a Temporary Plan to boost the benefits???
Learn more ⇒ Dual Coverage – Co-Ordination of Benefits Web Page
Comparing the costs of short term plans – Insure Me Kevin.com
Coverage is limited to three months, Plans do not meet the requirements 10 essential benefits of the Health Care Reform mandate and you may be assessed the 2.5% penalty for the months that you didn’t have qualifying coverage.
|Trump Executive Order – Short Term Insurance|
Trump Executive Order 10.12.2017
Proposed Rule 2.21.2018
Proposed Rule (view actual rule) (Guide to Rule Making Process) released — The proposal would allow consumers to buy short-term insurance plans that last up to 12 months beginning in 2019, compared to a maximum of less than three months under current law. The plans would not be subject to certain Affordable Care Act rules, including requirements that insurance plans must cover the 10 essential health benefits and pre-existing conditions. Modern Health Care 2.20.2018 * CMS.gov *
The order directs the Departments of the Treasury, Labor, and Health and Human Services to consider expanding coverage through low cost short-term limited duration insurance (STLDI).
o STLDI is not subject to costly Obamacare mandates and rules. One study found that on average STLDI costs one-third the price of the cheapest Obamacare plans.
o Despite its low cost, STLDI typically features broad provider networks and high coverage limits.
o The main groups who benefit from STLDI are people between jobs, people in counties with only a single insurer offering exchange plans, people with limited coverage networks, and people who missed the open enrollment period but still want insurance. WhiteHouse.Gov *
- Broker ONLY – HCC
- Is it Ethical to buy or sell plans that don’t Meet ACA Obamacare Requirements – Mandate Penalty?
- Mr. Mip – Major Risk Medical Insurance Plan – CA State High Risk Pool – Historical?
What happens if you missed Open Enrollment – don’t qualify for special enrollment – qualifying event, or are concerned about not being able to get coverage for SIX weeks, as you did not apply by the 15th of the month?
Direct ONLINE Enrollment, Quotes & Information through our HCC Affiliate Link Authorized Agent # 22024080
Note that Mr. Mip below does qualify as minimum essential coverage and meets the mandate.