As we’ve written before, one of the unfortunate side effects of the health reform law passed last year is the disappearance of child-only health insurance plans from the marketplace. That was a real shame because many people insured through their employer were able to get similar or better coverage for significantly less money. The problem becomes significant for parents whose children are uninsured and who either don’t have access to a group health insurance plan or whose kids would be subject to a 12-month waiting period as “late enrollees.” Fortunately, there is a solution.
If you’re unable to get your child insured on a policy with you, we suggest you sign him or her up for a short-term health insurance plan. These plans would give coverage for up to 11 months (the duration being less than a year is a key reason they’re able to remain in place with the new laws). They typically do not provide a doctor copay or drug card, though our preferred provider will provide a $50 copay for treatment at an urgent care center. Short-term policies are much less expensive than permanent plans, have very limited underwriting, and have a range of deductible options, ranging from $500 to $5,000.
The bottom line is that a short-term health plan presents the only viable way to get a child major medical, catastrophic health insurance protection without being included on a parent’s plan. To see quotes and even apply online, click here or simply contact us to learn more.
