Recent updates to federal guidelines have impacted the availability and duration of Short Term Medical (STM) programs, affecting many Americans who previously relied on them for temporary health care needs. The federal government recently finalized a rule limiting the duration of STM programs to a maximum of four months. This change was implemented to address concerns about STM programs being used as long-term solutions instead of temporary stopgaps. Here’s a breakdown of what this means for you and the options to consider if you’re affected.
The New Short Term Medical Rule Explained
Previously, STM programs offered coverage for up to a year, with options to renew for multiple years in certain states. However, with the new rule in place, STM programs cannot exceed a four-month duration. This regulatory shift limits the flexibility STM programs once provided, particularly in states where health care costs are high, and alternative options may be limited. This new federal rule affects those who previously found STM programs a viable solution for filling temporary gaps in health care between major programs.
States Most Impacted
States such as California, Colorado, New York, New Jersey, Connecticut, and Hawaii already had restrictions on STM availability and duration. These states, along with others now affected by the federal rule, have been proactive in limiting STM’s duration as part of a broader effort to encourage residents to seek more comprehensive, long-term solutions for their health care needs.
Alternatives to Short Term Medical: OneShare Health’s Catastrophic365 Program
If you are seeking a temporary health solution and find that STM programs no longer meet your needs, OneShare Health’s Catastrophic365 Program offers an effective and affordable alternative. Designed for Members in good health with minimal medical needs, this Program provides a robust option for temporary health care sharing, particularly for those seeking a one-year, cost-effective option without the renewal limitations found with STM programs.
Key Features of Catastrophic 365
The Catastrophic365 Program from OneShare Health is designed for individuals needing an affordable, temporary health care sharing solution. Ideal for those with minimal health needs, such as people waiting for employer health options, Medicare, or gig workers, Catastrophic365 offers essential support without the extras. Members enjoy 12-month terms, seamless re-enrollment, and flexible Individual Sharing Amount (ISA) options, providing financial control tailored to their needs.
With access to a large provider network, 24/7 Virtual Urgent Care, and discount services on prescriptions and other essentials through WellCard Savings and Rx Valet, Catastrophic365 delivers value while keeping costs low. Members can start as early as the next day and cancel anytime, offering a hassle-free experience that fits your lifestyle.
Making the Right Choice for Your Health Care Needs
If the recent changes to short term medical have left you searching for alternatives, the OneShare Health Catastrophic365 Program provides a valuable option for those with temporary needs. For individuals in good health looking for a one-year solution with affordability and access to a large provider network, Catastrophic365 can be a beneficial fit.
Interested in learning more? Connect with OneShare Health today to discuss if Catastrophic365 is right for you. A specialist can walk you through the details, so you feel confident in your health care choices.
