Consumer Choice Expands with Affordable Short-Term Health Insurance
New Products Poised to Benefit Workers in Modern “Gig Economy”
Mountain View, CA – Just in time for the 2019 health insurance Open Enrollment Period (OEP), consumers looking for individual health insurance now have two viable options to choose from thanks to recent regulation changes: Short Term Health Insurance and Affordable Care Act (ACA) plans.
As of October 2nd, Short Term Health Insurance, depending on the state, is now available for terms up to twelve months with an option to renew for up to thirty-six months. With the newly updated term limits and the upcoming elimination of the individual tax penalty, Americans will now have access to two distinct types of individual health insurance policies without any monetary penalty. The ACA insurance plans, colloquially known as Obamacare, have great benefits for those with circumstances that require more robust benefits and /or financial support. Short Term Health Insurance on the other hand is a good option for those who have been priced out of the ACA market but still want a safety net in case of accidents or illnesses.
For decades, Short Term Health Insurance has been trusted by millions who have needed an affordable health insurance option for short periods of time offering consumers coverage for medical emergencies and some preventative care. However, Short Term Health Insurance plans often come with a much more affordable premium but more streamlined benefit packages. AgileHealthInsurance.com has many Short Term Health Insurance plans starting at $99 a month.
Previously, a Short Term Health Insurance policy was mandated to have a policy length of less than three months, which dissuaded many from seeking coverage from this type of policy. The October 2nd rule change allowing Short Term Health Insurance to have longer terms provides Americans more opportunities to obtain quality coverage which should help reduce the overall uninsured rate.
AgileHealthInsurance.com is a Silicon Valley-based technology company and independently managed division of Health Insurance Innovations, Inc. (NASDAQ: HIIQ). This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans and projections regarding new markets, products, services, growth strategies, anticipated trends in our business and anticipated changes and developments in the United States health insurance system and laws. Forward-looking statements are based on our current assumptions, expectations and beliefs are generally identifiable by use of words "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," or similar expressions and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. These risks and uncertainties include, among other things, our ability to maintain relationships and develop new relationships with health insurance carriers and distributors, our ability to retain our members, the demand for our products, the amount of commissions paid to us or changes in health insurance plan pricing practices, our ability to integrate our acquisitions, competition, changes and developments in the United States health insurance system and laws, and our ability to adapt to them, the ability to maintain and enhance our name recognition, difficulties arising from acquisitions or other strategic transactions, and our ability to build the necessary infrastructure and processes to maintain effective controls over financial reporting. These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are discussed in HIIQ's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) as well as other documents that may be filed by HIIQ from time to time with the Securities and Exchange Commission, which are available at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. You should not rely on any forward-looking statement as representing our views in the future. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.