Short Term Health Insurance

And Other Affordable Health Insurance Alternatives to Obamacare

November 22, 2016 09:00ET

Short Term Health Insurance May be the Answer for Consumers Delaying Purchase Based on Trump Election

Despite uncertainty in Obamacare marketplace, AgileHealthInsurance.com says other coverage options remain stable

MOUNTAIN VIEW, CA--(Marketwired - Nov 22, 2016) - The recent presidential election has created confusion among consumers, who are in the midst of picking health insurance coverage for 2017. Despite a one-day surge in enrollment at HealthCare.gov the day after the election, new research shows consumers plan to delay the purchase of health insurance because of the results of this year's election.

People who get insurance through their employer must make their selection during their company's enrollment period. However, a nationwide survey from insurance research and comparison firm HealthPocket found that one-in-three of people who buy their own insurance plan to delay buying health insurance due to the presidential election results.

President-elect Donald Trump takes office Jan. 20, 2017. He and Congressional Republicans have promised to "repeal and replace" Obamacare, but any changes will take time, and it's important consumers do not delay getting coverage. Open enrollment for Obamacare plans runs from Nov. 1, 2016, to Jan. 31, 2017.

Although it remains to be seen exactly what changes to Obamacare will be implemented, the challenges of this year's open enrollment period are well documented. Obamacare premiums for 2017 are increasing an average of 25 percent. Deductibles are also rising, and there are fewer health plan choices available, including several states where there is only one carrier offering plans. In addition, many plans include narrow provider networks.

Premium subsidies are available for people making up to $47,520 (single) or $64,080 (couple). However, even with premium assistance, some people cannot afford coverage and may consider going uninsured. Rather than going without coverage, these consumers should look at affordable alternatives to Obamacare, including term health insurance.

"Now more than ever it makes sense for people to look at all their options -- both on and off government exchanges. If consumers wait for an accident or illness, it's already too late," said Bruce Telkamp, CEO of AgileHealthInsurance.com. "There are quality, affordable term health insurance products from the nation's leading carriers. Informative websites with licensed health insurance agents are available to help consumers find the best coverage that fits their budget."

Term health insurance has served people going through transitions for more than 30 years. These plans are one-third to one-half the cost of Obamacare plans and have broader provider networks so enrollees can go to most doctors and still be covered. Eligibility requirements and flexibility in benefits contribute to the cost savings realized by consumers. In addition, people can enroll in term health insurance at any time. You may have to pay the Obamacare Tax, unless you qualify for one of several exemptions.

AgileHealthInsurance.com was created to educate people about the benefits of term health insurance and provide a fast, online process for purchasing these plans. Term health insurance is a flexible and low-cost major medical insurance for individuals without expensive pre-existing health conditions. It is not Obamacare. Term health plans offer consumers the flexibility to choose health plans with the benefits that matter most to them and combine these benefits with broad provider networks. Additional information about AgileHealthInsurance can be found at www.AgileHealthInsurance.com

CONTACT:
Kevin McVicker,
(703) 739-5920


AgileHealthInsurance.com was launched in 2015 to educate consumers on the availability of private market health insurance products that are alternatives to Affordable Care Act (Obamacare) plans. Today AgileHealthInsurance is the largest distributor of short-term health insurance, providing a fast, online process for purchasing these plans. Short-term health insurance is a flexible and low-cost major medical insurance for individuals without expensive pre-existing health conditions. It is not Obamacare. Short-term health plans offer consumers the flexibility to choose health plans with the benefits that matter most to them and combine these benefits with broad provider networks. Additional information about AgileHealthInsurance can be found at www.AgileHealthInsurance.com.

Forward-Looking Statements

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.