A short-term plan could be your best bet

The next Health Insurance Marketplace open enrollment will begin in November.

But, if you’re currently uninsured, is waiting worth the risk? Even if you enroll in November, your plan won’t take effect until January 1, 2015.

That’s a lot of time to cross your fingers and hope nothing happens.

Maybe you lost your job, or you’re waiting for benefits to start with your new employer. Whatever the reason, if you’re in health insurance limbo, you might consider a short-term health insurance plan.

A short-term plan could be a good option if you are:

• Between jobs
• Waiting for employer benefits to start
• A temporary or seasonal employee
• Waiting for the next open enrollment period

Keep in mind short-term plans include limitations and exclusions. Under the new health law, an individual must have minimum essential coverage to avoid the individual mandate penalty. A short-term plan does not meet minimum essential coverage requirements, so you could face a penalty at tax time.

Don’t let that scare you though. Facing an accident or a critical illness and getting stuck with tens of thousands in medical bills ─ that’s frightening. Short-term plans are often inexpensive, and if the odds aren’t in your favor, you’ll be glad you bought it. In Kansas and Missouri, Assurant, Cox HealthPlans, BlueKC and UnitedHealthcare have temporary plans that offer up to 11 months of coverage.

Want to check out your options? Call us for a free consultation and quote, 913-333-3389.

To your health!
N. Lighten