This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Why a Short-Term Health Plan Might Make Sense for Some Before Obamacare

NEW YORK ( TheStreet) -- With the Affordable Care Act nearing its Tuesday deadline for open enrollment, some Americans still aren't sure what moves to make on the fast-moving health care insurance front.

Only four in 10 Americans even know that the Affordable Care Act is the law of the land, according to the Kaiser Family Foundation. And half of Americans don't understand how the ACA will affect their families.

With uncertainty the rule, many Americans without health care or whose employers may be moving them on to heath care exchanges may be considering short-term care insurance -- at least to plug gaps and buy some time until they know where they stand under the new law.

But is taking the short route a good idea?

The Mountain View, Calif., online health insurance exchange eHealthInsurance says so. "If you're uninsured now and biding time until you enroll in 2014 -- or if you find yourself uninsured for a brief period of time in early 2014 -- short-term health insurance is worth considering," says Carrie McLean, eHealth's Obamacare expert (yes, that's her real title).

That said, even McLean says there are pros and cons to short-term coverage.

"Short-term coverage can provide you with a basic level of coverage in case of unexpected injury or illness," she says. "Because coverage under a short-term plan is limited, it's easier to qualify for -- you can buy today and start your coverage almost immediately."

With plans advertised as starting as low as $69 per month for individuals (or $169 for a family plan), McLean says short-term health care is affordable and you can elect to pay it in one lump sum or in monthly installments. (The company has been eyed for its seductive "teaser rates" in the past.)

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs