Short-term health insurance, also known as “temporary health insurance” or “term health insurance,” covers basic health care costs for short periods and is intended to be a stop-gap measure between two long-term health insurance plans. Short-term health insurance may be a good option for those who are in between jobs, waiting for other health insurance coverage to begin, or waiting for Medicare eligibility, or those without health insurance outside of Open Enrollment or a Special Enrollment Period.
The minimum coverage term for a short-term health insurance plan is 30 days. The maximum term varies by State. In Ohio, the maximum term is 360 days.
Unfortunately, short-term plans do not qualify for tax subsidies under the Affordable Care Act (ACA). However, short-term plans are generally more cost effective than ACA plans, so the option may still make sense for your situation.
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