Missed the 2016 Open Enrollment Period? Short Term Health Insurance Is the Best Option
Term Plans Offer Basic Benefits, Unrestricted Doctor Networks and Lower Premiums
MOUNTAIN VIEW, CA--(Marketwired - Jul 12, 2016) - AgileHealthInsurance.com, the Internet's first site dedicated to helping consumers understand the value of term health insurance, announced today it has added additional plans for consumers seeking coverage outside of the open enrollment period.
Open enrollment for 2016 Obamacare coverage ended Jan. 31, 2016, but people can still enroll in term health insurance. Term health insurance covers doctor visits, hospitalization, emergency care and other common medical needs.
Term health insurance represents a distinct category of health insurance that is generally more affordable than Obamacare plans or COBRA. The average monthly premium for term health insurance plans selected on AgileHealthInsurance.com is less than $100. Eligibility requirements and flexibility in benefits contribute to the cost savings realized by consumers. In addition, term health insurance plans do not have the same narrow network limitations associated with many exchange health plans.
Consumers can now compare term health plans from various insurers at AgileHealthInsurance.com, including UnitedHealthcare, Everest Group, Unified Life Insurance Co., Companion Life Insurance Co. and Standard Life. Agile customers can also enroll in Foundation dental and vision plans underwritten by Nationwide®.
"For people who missed open enrollment and are blocked by the new special enrollment rules, term health insurance is an excellent option," said Bruce Telkamp, CEO and co-founder of AgileHealthInsurance.com. "These plans offer consumers a broad range of benefit options that help individuals and families find affordable coverage they can purchase any time of year."
Unlike Obamacare plans, consumer applications are approved or rejected based on health status, including the nature of pre-existing conditions. Additionally, consumers may still be subject to the Obamacare Tax unless they qualify for one of several exemptions. However, the lower cost of term health insurance means that even for some consumers facing the tax penalty, the combination of penalty and premium is still less expensive than an unsubsidized Obamacare premium.
To learn more about term health insurance, visit AgileHealthInsurance's Learning Center at www.AgileHealthInsurance.com.
AgileHealthInsurance is the Internet's first site dedicated to helping consumers understand the benefits of term health insurance. These plans are the culmination of extensive research on health insurance needs in the Affordable Care Act era. AgileHealthInsurance also provides best-of-class plan comparison and online enrollment tools to accompany these new plans. Additional information can be found at www.AgileHealthInsurance.com.
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.