Short Term Health Insurance in Las Vegas

Despite the general uncertainty revolving around the future of Obamacare, 89,061 people in the state of Nevada enrolled for health insurance through the Health Insurance Exchange in 2017. That’s an increase of 916 more people than the number of enrollees back in 2016.

Such an increase in the state went against the national trend. Nevada is among the 39 states that use the Healthcare.gov platform for all Obamacare enrollees. Among those states, the enrollment for this year dropped by more than 420,000 compared to the 2016 figures.

The deadline for enrollment was January 31, 2017. Those who missed the deadline may have to pay a tax penalty for not having insurance. In Las Vegas, that’s not an uncommon problem. That’s because almost 21% of the city’s one million plus residents are uninsured. If you need health care coverage and you missed the open enrollment period, then you may want to look into short-term health insurance in Las Vegas.

Why Short Term Insurance?

Short term insurance offers coverage anywhere from one month up to a year. These insurance plans do not comply with the Obamacare minimum coverage requirements. That means you will still end up having to pay the tax penalty. The benefits are very limited and the deductibles are high. There are caps on coverage amounts, and these plans generally exclude preexisting conditions.

Yet in many ways, short-term plans offer a way for people to still get coverage when they have no other options. There are several advantages to short-term plans, including:

  • It’s available. You can get a short-term plan at any time of the year. Unlike catastrophic plans available under the Obamacare marketplace, you don’t have to be younger than 30 years old, and you don’t have to qualify for a special exemption such as bankruptcy, homelessness, or death of a family member.
  • It’s an easier process. With so many insurance companies offering short-term policies online, you can enroll through a website. It’s simple and quick. The coverage can even start on the first day after the provider accepts your application.
  • The cost is much lower. Because of the limited coverage, the premiums are very low. In fact, in some cases, the overall cost is lower even when you add the tax penalty. This makes it easier to afford for cash-strapped individuals who just need temporary coverage, such as fresh graduates who are still looking for a job.
  • You’re able to determine the duration of your coverage. Currently, the rules state, short-term health insurance plans are good for up to one year. Typically, you can choose to get coverage for a few months, or for 30 days if that’s what you need. However, there’s a new rule that specifies that this type of short-term health insurance must be for less than three months. This rule goes into effect on April 1, 2017—that is, unless Obamacare is repealed.
  • There’s still some protection. It’s true that in most cases the plan won’t offer free preventive health care services. Yet you can still have insurance to help out for any hospitalization or emergency care services.

Having protection is the basic point of short-term health insurance in Las Vegas. The fact is that having some form of insurance is often better than not having any at all. It’s always possible that you can suddenly develop a serious disease or injury, which can require expensive treatment. Even for Las Vegas residents, the risk is too great.

Who Can Benefit?

There are certain types of people for whom short-term insurance plans are practical. These plans may be good for:

  • People who have lost their jobs and consequently, their health benefits
  • Young adults who have become too old for the insurance plan of their parents
  • Travelers who are going through an area that’s outside of their insurance network
  • Recent graduates or new employees whose workplace insurance won’t take effect yet
  • People who have switched insurance plans and have a gap in their coverage

If you believe that short-term coverage is what you need, our licensed insurance agents can help you make the right choice. We can show you the best options for short-term health insurance in Las Vegas so you can evaluate and compare them before making a decision.

 

Short Term Health Insurance in Las Vegas

Despite the general uncertainty revolving around the future of Obamacare, 89,061 people in the state of Nevada enrolled for health insurance through the Health Insurance Exchange in 2017. That’s an increase of 916 more people than the number of enrollees back in 2016.

Such an increase in the state went against the national trend. Nevada is among the 39 states that use the Healthcare.gov platform for all Obamacare enrollees. Among those states, the enrollment for this year dropped by more than 420,000 compared to the 2016 figures.

The deadline for enrollment was January 31, 2017. Those who missed the deadline may have to pay a tax penalty for not having insurance. In Las Vegas, that’s not an uncommon problem. That’s because almost 21% of the city’s one million plus residents are uninsured. If you need health care coverage and you missed the open enrollment period, then you may want to look into short-term health insurance in Las Vegas.

Why Short Term Insurance?

Short term insurance offers coverage anywhere from one month up to a year. These insurance plans do not comply with the Obamacare minimum coverage requirements. That means you will still end up having to pay the tax penalty. The benefits are very limited and the deductibles are high. There are caps on coverage amounts, and these plans generally exclude preexisting conditions.

Yet in many ways, short-term plans offer a way for people to still get coverage when they have no other options. There are several advantages to short-term plans, including:

  • It’s available. You can get a short-term plan at any time of the year. Unlike catastrophic plans available under the Obamacare marketplace, you don’t have to be younger than 30 years old, and you don’t have to qualify for a special exemption such as bankruptcy, homelessness, or death of a family member.
  • It’s an easier process. With so many insurance companies offering short-term policies online, you can enroll through a website. It’s simple and quick. The coverage can even start on the first day after the provider accepts your application.
  • The cost is much lower. Because of the limited coverage, the premiums are very low. In fact, in some cases, the overall cost is lower even when you add the tax penalty. This makes it easier to afford for cash-strapped individuals who just need temporary coverage, such as fresh graduates who are still looking for a job.
  • You’re able to determine the duration of your coverage. Currently, the rules state, short-term health insurance plans are good for up to one year. Typically, you can choose to get coverage for a few months, or for 30 days if that’s what you need. However, there’s a new rule that specifies that this type of short-term health insurance must be for less than three months. This rule goes into effect on April 1, 2017—that is, unless Obamacare is repealed.
  • There’s still some protection. It’s true that in most cases the plan won’t offer free preventive health care services. Yet you can still have insurance to help out for any hospitalization or emergency care services.

Having protection is the basic point of short-term health insurance in Las Vegas. The fact is that having some form of insurance is often better than not having any at all. It’s always possible that you can suddenly develop a serious disease or injury, which can require expensive treatment. Even for Las Vegas residents, the risk is too great.

Who Can Benefit?

There are certain types of people for whom short-term insurance plans are practical. These plans may be good for:

  • People who have lost their jobs and consequently, their health benefits
  • Young adults who have become too old for the insurance plan of their parents
  • Travelers who are going through an area that’s outside of their insurance network
  • Recent graduates or new employees whose workplace insurance won’t take effect yet
  • People who have switched insurance plans and have a gap in their coverage

If you believe that short-term coverage is what you need, our licensed insurance agents can help you make the right choice. We can show you the best options for short-term health insurance in Las Vegas so you can evaluate and compare them before making a decision.