Short-Term Medical Insurance (STM)
Short-Term medical plans provide coverage during life transitions. When you are between group insurance or individual major medical policies, STM plans cover unexpected illnesses. Covered expenses include diagnostic physician visits, emergency room treatment, hospital stays, surgery, intensive care, and more, but do not include maternity care or outpatient prescription drugs.
A Short-Term Medical Plan May Be Right for You if
Short-Term medical plans are not ACA compliant and do not meet ACA standards. ACA requires all major medical plans to provide specific benefits and also mandates that Americans have health plans that qualify as Minimum Essential Coverage or pay a penalty. STM plans do not meet ACA requirements.