Do you need a long or short-term health insurance plan?

When you’re looking at health insurance plans, you may know WHAT you want, but do you know for how LONG? Maybe you or a spouse has a new job with health insurance, but that won’t begin for a few more months. Maybe you have a few bucks to pay for insurance in the near future, but aren’t so sure what your finances will look like after that. Either way, here are a few things to remember when deciding on an insurance plan.

Long-term plans

If you’re looking to get the most services possible out of your health insurance, and can afford to pay a little more, you probably want a long-term plan. The majority of these fall under the heading “major medical plans.” By law, they are required to meet all standards of the Affordable Care Act (ACA).

Short-term plans

On the other hand, if you want cheaper temporary or partial coverage outside the open enrollment period for health insurance, catastrophic and short-term plans are your best bet. However, it’s important to bear in mind that they do NOT have to meet the standards of the ACA.

If you’re still not sure which type of plan is best for you, contact a health insurance broker today!