If you’re searching for insurance plans, then you might have the option to choose between Non-Qualified plans and Qualified plans. The first step to buying insurance is knowing which plans you qualify for in your state.
Non-Qualified plans are an affordable alternative for those who cannot afford Obamacare, are generally healthy, and do not require coverage for pre-existing conditions. Examples of Non-Qualified insurance are supplemental and short term medical.
Supplemental insurance helps cover accidents, critical illness, hospital expenses, dental and vision. Short term medical is temporary insurance intended to cover unexpected illness or injury for a specfic term (30-364 days).
Qualified plans, or Obamacare/Affordable Care Act, are required by certain states and offer immediate coverage for any pre-existing conditions and a variety of health issues covered by the Essential Health Benefits. Most qualified plans have cost-sharing options with varying deductibles and copayments.