Short Term Insurance 2017-05-04T10:50:11+00:00

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If you’re between insurance, waiting for your new plan to start, or are generally uninsured, a short term plan is a good “gap” plan. They don’t cover any pre-existing conditions, but can help you with medical issues if something comes up while you’re waiting for your ACA compliant plan to start. Short term plans are not ACA compliant and will not protect you from the tax penalty. We sell 2 different companies, who have different features:

Allied National (lower cost, lower benefits)

  • Does not cover any pre-existing conditions (12 month look back in most cases)
  • Does not cover any prescription drugs (unless inpatient use in a hospital)
  • You pay 100% of bills until you hit your deductible, then the company pitches in… you pay either 20% or 0%, depending on the plan. If 20%, then you will keep paying until you’ve hit an additional $2000.
  • The medical maximum on the policy is $250,000. Any amount of medical bills you receive above and beyond the maximum become your responsibility
  • You’ll want to add a supplemental accident benefit on this plan (it’s only about $5 per person to add it). If you’re injured due to an accident, the first $500 of medical care you receive for the accidental injury is paid by the company, not by you, before you have to start reaching your deductible.

Click here to sign up: Allied National. If you apply today, your coverage can start as early as tomorrow.

IHC Medical:

  • Does not cover any pre-existing conditions (5 year look back)
  • Does not cover any prescription drugs (unless inpatient use in a hospital)
  • 1 visit to a doctor with a $50 copay
  • Except for the copay, you pay 100% of bills until you hit your deductible, then the company pitches in… you pay either 20%, 30%, or 50%, depending on the plan. You’ll pay this percentage until you reach your out of pocket maximum (varies by plan).
  • Your deductible is not included in your out of pocket maximum
  • The medical maximum on the policy is $2,000,000. Any amount of medical bills you receive above and beyond the maximum becomes your responsibility.
  • There is a one-time enrollment fee of $25

Click here to sign up: IHC Medical. If you apply today, your coverage can start as early as tomorrow.

Contact VIB for a Quote