Health Insurance Options

Short Term Health

• Underwritten with only a few questions

• Lower premiums

• Some preventative covered

• Preexisting look back 2 – 5 yrs

• Deductibles & Coinsurance

• Renewed every 6 – 12 months up to 3 yrs

• Can insure individual and dependents

Affordable Care Act

• Premiums are based on household income

• Preventative covered

• No preexisting condition or underwriting

• Deductibles & Coinsurance

• Renewed annually

Group

• Fully insured plans

• Self-funded plans (may receive claim account refunds)

• Referenced based pricing

• Deductibles & Coinsurance

• Pre-tax benefits for employees

• Payroll tax benefits for employer

• Minimum participation