ALTERNATIVE
HEALTH PLANS
Information listed below are subject to change and vary by state and are for illustrative purposes only. Alternative Health Plans are not considered Minimum Essential Coverage and they are not a replacement for a creditable, qualified major medical health plan.
Short-Term Medical
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Pros and Cons
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Plans often have deductibles, co-insurance, and in some cases copays.​
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Usually more affordable than traditional insurance (unless you qualify for a tax credit on ACA plans)
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Usually suitable for healthy individuals looking for a lower-cost alternative.
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Plans are usually limited in duration from one month to four months, maximum. Some companies combine multiple plans to allow for up to almost one year.
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Pre-existing conditions and maternity usually not covered
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Limited preventive care
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Usually covers only new injury or new illness.
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Read plan brochures and details carefully before purchasing to understand what is and is not covered.
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Limited Medical Plans
Pros and Cons
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Unique approach to healthcare.
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No deductible on many plans
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Includes coverage for hospital, surgical, office visits, diagnostics and more
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Network discounts often available
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May not be enough, but often better than no coverage​
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Limits on coverage may exclude some services​
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Usually no coverage for pre-existing conditions, maternity and more.
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Fixes payments by plan may not cover entire cost of services provided
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Read plan brochures and details carefully before purchasing to understand what is and is not covered.
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Shared Beliefs:
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HCSMs are built on the foundation of members sharing a common set of religious or ethical beliefs.
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Cost Sharing:
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Members contribute a monthly share to the ministry, which is then used to pay for other members' medical bills.
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Not Insurance:
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HCSMs are not insurance companies and do not guarantee payment for medical claims.
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Potential Benefits:
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HCSMs can be less expensive than traditional health insurance, particularly for those not eligible for subsidies.
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Accident & Critical Illness
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Some individuals choose not to get health insurance due to the monthly cost. This is not recommended. However, if you do make this choice, consider having at least a basic Accident plan and possibly a Critical Illness plan.
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These ancillary plans can provide a base level of financial protection against the unexpected accident, injury or major critical incident such as a heart attack, stroke, or cancer.
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Read plan brochures and details carefully before purchasing to understand what is and is not covered.