Short term Major Medical Plans are now available for longer than 3 months, which is great news to some who used to take advantage of the low cost short term major medical plans a few years ago. Short term plans used to be available for up to 12 months in most states, which made them a very viable option to high cost of Affordable Care Act (or Obamacare) plans. The plans are easier to understand than some of the other alternatives floating around on the insurance market today and are offered by well known very financially stable companies.
Critics have claimed that the plans have too many gaps in them and offer very limited coverage. In some cases this is true and they act more like a "catastrophic" stop loss type of plan. Here to save the day is supplemental insurance such as hospital indemnity plans, accident plans and critical illness plans. In many cases you can build a customized health plans with Short term major medical and indemnity plans that will actually out perform an Affordable Care Act Plan.
In the state of Oklahoma, this is the best option currently available for those with incomes too high to qualify for subsidies through the Affordable Care Act. To learn more about short term health insurance and supplemental plans in Oklahoma visit our family health insurance plans page.