NEW YORK--(BUSINESS WIRE)--As of October 2, Pivot Health, a leading provider and manager of specialty health insurance products, released its new 364-day short term health insurance plans, expanding its coverage beyond 90 days which had been required by federal law.
Short term medical plans with 364-days of coverage offer consumers a lower cost alternative to plans made available under the Affordable Care Act. However, the plans exclude some pre-existing conditions, do not provide comprehensive, unlimited lifetime benefits and are not guaranteed issue.
“We understand consumers might need health insurance coverage for a temporary period of time or for a longer extension over multiple months. That’s why Pivot Health offers an array of coverage durations that allow individuals to pick the best option for their particular life situation,” said Jeff Smedsrud, Chief Executive Officer of Pivot Health. “The upcoming open enrollment period will be confusing and chaotic for millions of consumers who are not eligible for government subsidies to buy Obamacare plans, or are part of the gig economy in which they only want coverage for limited periods of time.”
Earlier in May, Pivot Health announced it had expanded its coverage state footprint to Idaho, Louisiana, Missouri, Nevada, North Carolina, North Dakota and Oregon, bringing its total offering to 30 states in the U.S. However, 364-day duration plans are not available in all states at this time.
About Pivot Health (a HealthCare.com company)
Launched in 2016, Pivot Health is an insurance product development, management and marketing company led by an experienced team of health insurance professionals that have managed over $7 billion of insurance premium. The company has proprietary products and dedicated relationships with several national carriers. Pivot Health was acquired by HealthCare.com (www.healthcare.com), the nation’s largest privately-owned search-and-compare health insurance shopping platform. For more information, visit www.pivothealth.com and www.healthcare.com