SHORT-TERM LIMITED-DURATION (STLD) HEALTH
01.Core Concepts
INSURANCE • Do not provide minimum essential coverage under the Affordable Care Act • Pre-existing conditions are usually excluded. • Must meet underwriting standards • Maximum duration is 3 months + 1 additional month if go through underwriting process again. • Premiums are lower than other coverage options. Usefulness in retirement planning • Limited • Healthy individuals retiring within 3 to 4 months of qualifying for Medicare • Healthy individuals whose COBRA coverage ends within 3 to 4 months of qualifying for Medicare