Purchasing health insurance is a personal decision that requires the consumer to be informed about the types of insurance and what will work best for their circumstances. NationsHealthInsurance.com has taken the guess work out choosing a plan by doing the research for you.
Term health insurance is purchased for a defined period of time up to 364 days. With extremely low monthly premiums, term health typically costs half of what an unsubsidized Obamacare bronze plan costs. Because term health insurance does not meet the criteria to qualify for coverage under the Affordable Care Act (ACA) enrollees in term plans will have to pay the uninsured penalty tax if they have not received an exemption from the IRS. However, because of the low cost for term health plan premiums, even having to pay the penalty tax may cost less than the annual premium for an Obamacare bronze plan.
Term health insurance plans are generally accepted by most healthcare providers, hospitals and cancer centers, and urgent care facilities in the U.S. Obamacare plans have limited access to healthcare providers and medical facilities, limiting enrollees choice of doctors and hospitals.
Typical coverage for term health insurance plans includes:
Term health care does not cover maternity care and drug coverage and other benefits may be limited. For more information about term health plans see About Term Health Insurance.
Term health plans do not cover pre-existing medical conditions. Applicants will be asked about their health status, answers that indicate less than optimal health may result in the application being denied. Applicants are advised to apply for another form of health insurance such as an Affordable Care Act plan if they have had a major health event or medical condition in the past two years.