Short Term Health Insurance

And Other Affordable Health Insurance Alternatives to Obamacare

May 11, 2016 09:00ET

Short Term Health Insurance Shows Record Growth as Marketplace Evolves Enrollment Increases Over 100 Percent During First Quarter

MOUNTAIN VIEW, CA--(Marketwired - May 11, 2016) -, the Internet's first website dedicated to helping consumers understand the value of term health insurance, announced today it topped 23,000 new policy sales in the first quarter of 2015. This figure breaks the startup's previous record of 11,000 policy sales for Q4 2015 and demonstrates the speed at which the market for affordable alternatives to Obamacare is growing. The figures include individual term health policies with one member, as well as family term health policies with multiple members.

There are several factors driving this growth, most importantly the rising costs of health insurance. A recent study by HealthPocket Inc. estimated that up to 33 million people nationwide are in the unsubsidized health insurance market, where they lack premium assistance from the government or employers. According to the Department of Health and Human Services, without subsidies, the average premium of a 2016 Obamacare plan purchased on was $396 a month per person. In comparison, the average monthly premium for a term health insurance plan selected on is less than $100 per person.

Additionally, term health insurance fills a critical need for consumers needing health insurance outside the open enrollment period. Without a qualifying life event, consumers will not be able to enroll in an Affordable Care Act (ACA) plan until the 2017 open enrollment period begins Nov. 1, and that coverage will not become active until Jan. 1 of the following year. Term health insurance, in contrast, has no enrollment period limitations and is an alternative for consumers seeking coverage before then.

"We launched AgileHealthInsurance one year ago, recognizing important gaps in ACA coverage options for many consumers," said Bruce Telkamp, CEO and co-founder of "We were optimistic then, but the rapid adoption among consumers seeking affordable alternatives to the ACA online has well exceeded our expectations."

Term health insurance represents a distinct category of health insurance that is generally more affordable than Obamacare plans. Eligibility requirements and flexibility in benefits are major factors contributing to the cost savings realized by consumers. Unlike Obamacare plans, term health insurance 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.

Consumers can compare term health plans from various insurers at, including HCC Life Insurance Co., 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.®

To learn more about term health insurance, visit AgileHealthInsurance's Learning Center at

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 from some of the nation's leading health insurance carriers, including HCC Life Insurance Co., Unified Life Insurance Co., Companion Life Insurance Co. and Standard Life, as well as Foundation dental and vision plans underwritten by Nationwide.® Additional information can be found at

Kevin McVicker,
(703) 739-5920 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

Forward-Looking Statements 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 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.