Best Short-Term Health Insurance Companies of 2021 – Forbes Advisor
Anyone who can pass an insurance company’s medical underwriting rules can purchase a short-term health insurance plan, Norris says. âThat usually means being under 65 and pretty healthy,â she notes. Pricing refers to how an insurance company determines your condition to decide if they will offer you coverage, at what cost, and with what exclusions.
There are 11 states in which short-term health insurance plans are not available “either because they have banned them or because they have rules in place strict enough that insurers have chosen not to. sell diets there, âsays Norris. As of 2021, short-term coverage is not available in California, Colorado, Connecticut, Hawaii, Maine, Massachusetts, New Jersey, New Mexico, New York, Rhode Island and in Vermont.
How do you qualify?
âYou don’t have to do anything to qualify,â said Archambault. You just signed up and paid for the coverage.
Most short-term health insurance plans use “very limited medical underwriting during the application process,” says Norris. âThey usually only have a handful of yes / no questions about significant health issues and will provide coverage for anyone who can answer ‘no’ to all of the questions. “
âPost-loss underwritingâ is common in short-term plans, which means that when you file a new claim, the insurer often combs through the files to make sure it is not related to a claim. pre-existing condition, adds Norris. âIf so, they can deny the request or even cancel the policy,â she said.