Cost Comparisons
For a 50-year-old man in Nashville, short-term plan prices range from $124 per month with a $10,000 deductible to $198 per month with a $5,000 deductible. Compare this to premiums ranging from $490 to more than $1,200 per month for comprehensive ACA coverage.
As you can see, there are circumstances where moving to a short-term plan can have significant financial benefits. Being able to provide some professional insight into your clients’ options will allow you to offer another level of service and assistance in an area that is of increasing concern to consumers.
Ryan McCostlin leads efforts to help individuals and families with healthcare through partnerships with financial advisors and healthcare providers at benefits advisory firm Bernard Health.