Non Qualified Plans

Non-Qualified Plans

Unlike qualified plans that are in compliance with the ACA, non-qualified health plans do not comply with one or more of the requirements of the ACA. This makes these plans a cheaper option. To learn more about non-qualified plans and if they are right for your specific needs, reach out to one of our agents today. We can help you determine which plan is right for you.

Types of Plans

Non-qualified health plans are an ideal option for those who do not see a doctor on a regular basis and are typically healthy. There are several types of non-qualified health plans and programs, which include:

  • Short-Term: These plans have a limited duration which can be anywhere between a month and a year, but can usually be renewable for up to three years. These types of plans are mainly for those who need temporary coverage while looking for long-term coverage.
  • Indemnity Insurance: This plan can help pay a fixed sum medical costs and emergencies. These types of plans also do not expire, unlike short-term health plans.
  • Medical Discount Plans: These are not considered a form of health insurance, but can still help you save money on things like dental, vision, or hearing services, which are not typically covered by qualified or non-qualified health plans.
  • Supplemental Accident: This type of insurance can help cover out-of-pocket costs when faced with an accidental injury.
  • Worker’s Compensation: All employers are required to offer this to their employees to provide wage replacement or medical benefits when an employee is injured at work.

Non-qualified health plans are not right for everyone, but can certainly be helpful in many cases. If you are in need of some sort of coverage while trying to find the right long-term plan, then a temporary non-qualified plan might be something to consider. Or, if you are searching for a plan that serves as a great alternative to a qualified ACA plan, you should view all your options for a non-qualified health insurance plan.

Want to Learn More About Non-Qualified Plans?

Non-qualified plans can be very complicated. There’s a lot to learn, as the different options available have their own unique aspects. If you’re wanting to learn more about non-qualified plans, give us a call. We can go over the basics and help you decide the right type of policy for your needs and your family. We’re here to answer your questions and provide our expertise.