Health Insurance Virginia
Short term health insurance for Virginia is an affordable healthcare plan that offers powerful coverage. If you live in this state, you must know that there are limits on these plans. Despite those limits, the plans are a great way for you to lower your healthcare costs. They can also act as a substitute for a major healthcare plan. But they are limited in Virginia compared to the other states.
Some states do not even offer short term plans. In that case, Virginia residents are fortunate enough to access this type of coverage. Federal regulations require that short term plans will only be as long as 364 days. You can renew the plan. But there is a limit of 36 months. When you reach the total renewals, you need to stop purchasing a short term plan from that provider for a while.
Short Term Plans in Virginia
There are restrictions in Virginia concerning short term plans. Bear in mind that federal limits have been changed during Trump’s administration. The limits have been expanded. But individual states can still put restrictions on the federal limits in the area on these plans. In other words, they are allowed to expand the limits and enable the plans to last for longer than the federal restrictions allow.
The limits for short term plans in Virginia would be six months. In that case, you cannot register for a plan that is longer than that period. Renewals are not allowed with short term plans in this state, however. You must remember this if you are planning to obtain this kind of health insurance policy. Ensure that you choose the one that will give you coverage for as long as you need. If you need longer coverage, though, you might consider having a long term policy instead.
Cost of Short Term Coverage in Virginia
Healthcare is quite expensive. But it does not have to be. You can find cost-effective ways to obtain coverage for you and your family without denting your finances. Short term plans for individuals can cost around $103 a month. It covers for the monthly premiums. Plus, there are deductibles that you need to handle.
If you wish to obtain health insurance for your family, you will have to pay more. The overall cost will depend on the number of family members that you want to be covered and the amount of coverage they are getting.
You must weigh the cost of a short term plan to the Affordable Care Act insurance plans. The average cost is $378 in Virginia. The prices can vary depending on the state you are in. But the average cost of short term coverage is three times lower than a major medical plan. There are short term plans that are cheaper than that. You can find a plan that has $40 per month premium.
Even though the pricing for short term coverage increases periodically, it does not increase every year. The average cost goes down. The fluctuation in pricing depends on the changes that take place with the laws associated with short term medical insurance.
You may use our website to check the rates from the marketplace. We can offer you updated pricing so you can plan to search for the best price on the policy you want.
There is no need to overpay for your coverage when you choose a short term plan. As you obtain free quotes from us, you can find that perfect short term plan that will give you sufficient coverage without having to pay for expensive premiums every month.
Short Term Health Insurance 2020
Carriers of Short Term Health Insurance in Virginia
Unfortunately, not all health insurance companies offer affordable health insurance for Virginia residents. Some of them will overcharge you while others will provide excellent member perks.
For that reason, you should take time to evaluate your options and find the best carrier that would give you proper coverage without charging you too much. The good thing is that there are a few insurers that can offer you significant plans.
One of them is Pivot health insurance. This carrier is worth noting considering its competitive pricing. It offers excellent member perks and it has an excellent reputation. To know more about what subscribers think of this carrier, you may read some trusted Pivot health insurance reviews. Most of these reviews are positive.
Another carrier to consider is United Healthcare. It offers several resources that can help you maintain a healthy life. It can help in saving more money on prescription drugs through its connections with various pharmacies in the country. It also offers access to healthcare professionals 24 hours a day.
Finally, there is the National General Accident and Health. It is known to offer various great perks, such as access to the healthy living program, as well as gym memberships. It also offers decent rates and a huge selection of short term plans.
Is Virginia Short Term Health Insurance a Good Option
As you weigh the pros and cons of a short term plan, you will find that one is better than the other. We will share some situations where short term plan is better than a major medical plan.
Missing the Enrollment Period
Many of the major health insurance plans have open enrollment period. If you missed a deadline, you will have to wait for the next period to open. But short term plan has no restriction. That is, you can sign up at any time of the year. There is no enrollment period that you must remember. Thus, if you missed the deadline of a major medical plan, you can opt for short term insurance to fill the gap.
Not Qualified for a Major Healthcare Plan
There are several reasons you may not qualify for the major healthcare plan you wish to sign up for. As you wait for your status to be eligible for that plan, you can always have a short term plan to take care of your healthcare expenses.
Not Getting Insurance from Employer
Some employers do not have healthcare benefits. If your boss does not have such a package, then you may wish to be covered through a short term plan. It is also true if you are not employed currently or you are switching jobs.
Require Targeted Coverage
It is one of the best things about short term plans. It offers targeted coverage so you will not have to pay for something that you do not need. Short term health insurance plans are more affordable as they give you coverage for less. They can work in your favor if you do not want to pay for coverage that will not apply to you.
The best time to obtain a short term plan is when you need the coverage that it offers. Bear in mind that such a plan can give you coverage the day after you applied. If you want to get rid of your Affordable Care Act plan, you can do so without having to deal with the tax penalty as it will go away on January 1. The tax penalty has made ACA a problem for many people. In that case, you can sign up for any plan that you want. It would be the best time to obtain a short term plan without worrying about the additional cost of an ACA policy.
If you are not satisfied with your current coverage, consider having short term health insurance for Virginia for the following year. Take a look at what short term coverage can provide you and know what their rates are. Use our site to help you compare rates. It does not cost you anything to use our site and request quotes. You can continue using it as long as you want until you find the perfect plan that fits your coverage needs.