What is Medicare? Medicare is a federal insurance program that provides health insurance for people 65 and older and individuals younger than 65 that may qualify due to a disability. There are four different parts to Medicare — Part A, B, C, and D.
Medicare Advantage & Part D Medicare Advantage, or Medicare Part C Is an alternative to traditional Medicare administered by private insurance companies. Plans may have a low or no additional monthly premium. They may also provide benefits for things not covered by Medicare such as routine dental and vision care. Medicare Part D Prescription Drug Plans (PDPs) are also administered by private insurance companies and provide important benefits to Medicare beneficiaries that are not covered by Medicare. Medicare Supplement Insurance Plans, MedSup Plan Medicare Supplement Insurance Plans, also known as Medigap Policies, help to fill in the gaps left behind by Original Medicare Part A & Part B.
What is ACA? Affordable Care Act (ACA)The comprehensive health care reform law enacted in March 2010 (sometimes known as ACA, PPACA, or “Obamacare”). The law has 3 primary goals: Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level. Expand the Medicaid program to cover all adults with income below 138% of the federal poverty level. (Not all states have expanded their Medicaid programs.) Support innovative medical care delivery methods designed to lower the costs of health care generally.
Short-Term Medical Coverage Short-Term Medical plans provide health insurance coverage for terms from 1 month up to 3 years. Is short term insurance for you? Short term insurance may be for you if you're:
a recent graduate
Missed your state ACA open enrollment and unable to apply for Affordable Care Act (ACA), also called Obamacare coverage because you don't qualify for Special Enrollment (SEP)
Waiting for your ACA coverage to start
Looking for coverage to bridge you to Medicare
Turning 26 and coming off your parent's insurance
Between jobs or waiting for benefits to begin at your new job
Healthy and under 65
For these situations and many others, Short term health insurance, also called temporary health insurance or term health insurance, might be right for you. It can fill that gap in coverage until you can choose a longer term solution.