Major Medical Insurance
Major medical health insurance is the standard coverage option for many Americans.
Quick Facts:
- Long-term coverage
- Choose a plan based on needs (high/low deductible, high/low monthly premium)
- Meets Minimum Essential Benefits requirements set by the Federal Government
- Available for enrollment during Open Enrollment unless the consumer qualifies for Special Enrollment
Major Medical Carriers Available on GoHealth Marketplace:
- Aetna
- Blue Cross Blue Shield of Michigan
- Coventry
- Humana
- UnitedHealthOne
Short-Term Medical Insurance
Short-term medical plans are similar to major medical health insurance plans, but only provide coverage for a predetermined amount of time (up to 12 months).
Quick Facts:
- Coverage from 30 days to 12 months
- Approval in as little as 24 hours
- Low cost health insurance option for those in-between coverage
- Ideal for individuals who missed the Open Enrollment deadline
- Does not meet Minimum Essential Benefits requirements set by the Federal Government
- Available for enrollment year-round with no requirements
- Not subject to Medical Loss Ratio (MLR) requirements and therefore susceptible to notably higher commission rates
GoHealth VMO Short-Term Medical Carriers Available on GoHealth Marketplace:
- Assurant Health
- Health Insurance Innovations (HII)
- UnitedHealthcare
Fixed Benefit (Fixed Indemnity) Insurance
Fixed benefit plans (also called Fixed Indemnity or Limited Benefits) pay a set (cash) amount for services provided, and the patient is responsible for the remainder of the balance (if applicable).
Quick Facts:
- No deductible requirements
- Pays fixed amount for benefits and services regardless of your location or cost of service
- Does not meet Minimum Essential Coverage requirements set by the Federal Government
- Available for enrollment year-round with no requirements
- Not subject to Medical Loss Ratio (MLR) requirements and therefore susceptible to notably higher commission rates
GoHealth VMO Fixed Benefit Carriers Available on GoHealth Marketplace:
- Assurant Health
Ancillary Insurance
Ancillary plans are insurance benefits that often supplement major medical, short-term medical or fixed benefits plans. Examples include: vision, dental, accident, and critical illness insurance.
Quick Facts:
- Plan add-ons for additional coverage not provided by major medical, short-term medical, or fixed benefit plans
- Vision, dental, accident, cancer/heart/stroke, and critical illness are all examples of ancillary insurance
- Does not meet Minimum Essential Coverage requirements set by the Federal Government
- Available for enrollment year-round with no requirements
- Not subject to Medical Loss Ratio (MLR) requirements and therefore susceptible to notably higher commission rates
GoHealth VMO Ancillary Carriers Available on GoHealth Marketplace:
- Assurant Health
- Colorado Bankers
- Guarantee Trust Life (GTL)
- Health Insurance Innovations (HII)
- Humana
- UnitedHealthcare
