Is there anything available for assistance for individuals who are on unemployment due to COVID-19 layoffs and cannot afford COBRA coverage or Marketplace (Healthcare.gov) plans?

FAQ Answer

A short-term medical plan is a temporary health insurance policy typically offering “bare-bones” coverage designed for use during unexpected coverage gaps. An individual can only hold a short-term medical plan for a short period of time, less than one year. These plans are nonrenewable. Furthermore, they do not meet the coverage requirements of the Affordable Care Act (ACA), meaning an individual may have to pay a monetary penalty for not carrying acceptable health insurance coverage.

With the regulations established by the ACA, short-term medical, limited benefit and discount medical plans have become increasingly popular. However, consumers must be aware of what they are purchasing before replacing their comprehensive major medical coverage with one of these options. Remember, if it sounds too good to be true, it probably is.

Short-term Medical, Limited Benefit and Discount Medical Plans Guide

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