Exploring Short-Term Insurance Options With Horizon

does horizon have short term insurance

Horizon is the name of several insurance companies, including Horizon BlueCross BlueShield of New Jersey, Horizon Worksite Advisors, LLC, Horizon Agency, Inc., Horizon Bank, and Horizon Insurance, Inc. While these companies offer a variety of insurance products, such as health, life, dental, vision, travel, and rental insurance, there is no specific mention of short-term insurance as an available option. Short-term insurance typically refers to temporary health insurance plans that provide limited coverage for a specified period, usually up to 12 months, with the possibility of extensions.

Characteristics Values
Company Name Horizon BlueCross BlueShield of New Jersey
Service Area Delaware, New Jersey, New York, and Pennsylvania
Types of Insurance Health, Dental, Vision, Life, Disability, Medicare, Long-Term Care, Travel Medical, and Property
Short-Term Insurance No mention of short-term health insurance

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Horizon does not offer short-term health insurance

Short-term health insurance is inexpensive, temporary coverage that can help pay for medical care if you have a lapse in your insurance, such as after losing a job. While short-term plans have low premiums, they don't offer comprehensive coverage and can result in high out-of-pocket costs if you need medical care.

If you're considering short-term health insurance, it's important to be aware that you can be denied coverage based on pre-existing conditions, and these plans don't offer the same "essential health benefits" mandated by the Affordable Care Act (ACA).

While Horizon does not offer short-term health insurance, it does provide a range of other insurance products and services, including:

  • Life insurance
  • Disability insurance
  • Medicare and long-term care consultation
  • Dental and vision coverage
  • Travel medical insurance
  • Property insurance

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Horizon offers a wide variety of health plans

Horizon, a subsidiary of BlueCross BlueShield, offers a big selection of health plans. These include Medicare and Medicaid options, such as Medicare Advantage, Medicare supplement, prescription drug plans, and a Dual Special Needs Plan (D-SNP) for those who qualify for both Medicare and Medicaid. Horizon also offers HMO, PPO, EPO, traditional indemnity, and Consumer-Directed Health Plans (CDHPs).

Horizon's Consumer-Directed Health Plans are called Horizon MyWay and include FSAs, HRAs, and HSAs. They also offer dental and vision coverage, with an entire website devoted to dental plans, including family and individual plans, small group plans, and pediatric dental plans.

In addition to health insurance, Horizon provides life insurance, disability insurance, and long-term care consultation. They offer a range of term and permanent life insurance policies, including Indexed Universal Life, Permanent Life Insurance, Universal Life/Whole Life, and Indexed Universal Life.

Overall, Horizon is a longstanding insurance company with a variety of insurance plans and expertise in the field, making it a worthwhile option for those within its service area.

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Short-term health insurance is inexpensive and temporary

Short-term health insurance is a temporary safety net for those who can't afford ACA-compliant plans. It is inexpensive, temporary coverage that can help pay for medical care if you have a lapse in your insurance, such as after losing your job. Short-term health insurance is not regulated by the Affordable Care Act (ACA) and does not cover pre-existing conditions.

Short-term health insurance is typically much cheaper than ACA plans, also called Obamacare. The average cost for short-term health insurance is $171 a month, according to Forbes Advisor's analysis. Costs can be as low as about $100 a month for basic coverage, but this cheaper option may not cover prescriptions or mental health services.

Short-term health insurance is not meant to be a long-term solution. It is best for those who will soon have health insurance, such as those starting a new job, or those who are waiting for insurance to come through. It can also be used as an emergency stopgap for those who cannot afford COBRA insurance after being laid off.

Short-term health insurance is widely available, but not in all states. As of July 2023, the Biden administration plans to restrict short-term health insurance to only three months, with the option to expand coverage for a fourth month.

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Short-term health insurance offers limited coverage

Short-term health insurance is not regulated by the Affordable Care Act (ACA) and is therefore not required to provide the minimum essential coverage mandated by the ACA. This means that short-term health plans often exclude coverage for maternity care, mental health services, and substance abuse treatment. They also typically do not cover pre-existing conditions and may deny you coverage based on your medical history.

Short-term health insurance plans usually come with high deductibles and offer limited coverage for most services. They generally have caps on how much the insurer will pay out for certain services or in total. Due to these limitations, short-term health insurance might not be suitable for everyone.

In the United States, short-term health insurance is available in some states but not others. For example, it is available in North Carolina but not in Washington, DC. The duration of short-term health plans also varies by state, with coverage lasting from one month to nearly three years in some states.

While short-term health insurance can be a more affordable option, it is important to carefully consider your own health needs and the risks associated with limited coverage before choosing this type of plan.

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Short-term health insurance is not regulated by the Affordable Care Act

Short-term health insurance plans are also not required to cover prescription drugs. Some short-term plans offer prescription drug coverage, but many do not. Even if a short-term plan includes prescription drug coverage, it may be limited to specific situations, such as during a hospitalization.

In addition, short-term health insurance plans typically have caps on how much the insurer will pay for certain services or in total. These caps can result in high out-of-pocket costs for individuals who need extensive medical care.

Another key difference between short-term and ACA-compliant plans is that short-term plans use medical underwriting to determine eligibility. This means that individuals can be denied coverage based on pre-existing conditions. Short-term plans may also exclude coverage for pre-existing conditions, even if they are not specifically listed in the plan's exclusions.

Short-term health insurance is intended to fill temporary gaps in coverage. These plans are often used by individuals who are between jobs, retiring before becoming eligible for Medicare, or waiting for other insurance coverage to take effect. Short-term plans are typically less expensive than ACA-compliant plans, but they offer more limited benefits and consumer protections.

While short-term health insurance is not regulated by the ACA, it is important to note that the availability and specifics of short-term plans can vary by state. In some states, temporary health plans are not available for purchase at all. Therefore, it is essential to review the regulations and options in your specific state before considering a short-term health insurance plan.

Frequently asked questions

Horizon does not offer short-term health insurance. However, they do offer a wide variety of health plans, including Medicare Advantage, Medicare supplement, prescription drug plans, HMO plans, PPO plans, EPO plans, traditional indemnity, and Consumer-Directed Health Plans.

Short-term health insurance offers limited coverage for up to 12 months in most states, with the option to extend the plan for another two years. These plans are typically inexpensive and provide temporary coverage for medical care in case of a lapse in insurance, such as after losing a job.

Short-term health insurance plans are not regulated by the Affordable Care Act (ACA) and may vary significantly in what they cover. They often exclude coverage for maternity, mental health, and substance use care. Prescription drug benefits are also not standard, and short-term plans usually come with coverage caps.

Short-term insurance can be an affordable option for those who cannot find coverage elsewhere or need a temporary solution until they obtain permanent insurance. It offers flexibility in deciding on out-of-pocket costs and allows for quick enrollment and coverage. However, short-term plans lack many coverages found in regular health insurance, resulting in potentially high out-of-pocket costs if comprehensive care is needed. They also have limited durations and may deny coverage for pre-existing conditions.

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