Short-term medical (STM) plans are extremely beneficial when used as they were intended – for short periods of time. And now, with the coronavirus, these plans are more important than ever.
Short-term medical plans are designed to provide coverage in case of an emergency for otherwise healthy people who are:
STM plans typically provide some level of coverage for: doctor visits, urgent care and emergency care. There also may be coverage for prescriptions. Some plans also offer cost savings for seeing in-network providers.
Make sure to read the “exclusions and limitations” information before buying any plan. This will tell you exactly what’s covered and not covered. Options for these plans differ greatly depending on the insurance company. This is why it is vital for consumers to read the plans carefully or have an agent they trust to steer them toward the best plan for their situation.
Short-term health plans are not a good fit for everyone. If you’re considering whether a short-term medical plan is right for you, here are some pros and cons:
People who are generally in good health and are looking for an affordable plan for a short period of time would benefit greatly from looking into this type of benefit plan.
You can start by checking out Pivot Heath Short Term Medical plans. Allied National is a proud broker for Pivot Health Short Term Medical products. Pivot Health was named one of the top five providers of short-term plans according to the Investopedia article, “The 5 Best Short Term Health Insurance Providers of 2020.” You can check out Pivot Health Short Term Plans at www.alliednational.com/short-term.
Founded in 1970, Allied is one of the nation's oldest and most experienced third-party administrators. Allied National is a 90 Degree Benefits Company, a subsidiary of Blue Cross Blue Shield Alabama. As the small group benefit experts, Allied works with small business employers to provide unique and affordable group health benefits.
Welcome to the Allied Blog
Allied National is a 90 Degree Benefits Company, a subsidiary of Blue Cross Blue Shield of Alabama. Founded in 1970, Allied National is one of the nation's oldest and most experienced third-party administrators. We're the small group benefit experts working to provide unique and affordable group health benefits to small business employers.