What does STHP mean in MEDICAL

What Makes STHPs Different

Short-term health plans differ in several key ways from standard Comprehensive Major Medical Coverage policies, also known as major medical plans, which typically provide broader coverage and last longer than short-term policies (sometimes years at a time). STHPs often come with much lower monthly premiums than a comprehensive policy; however, they may also be subject to higher out-of-pocket costs should you need medical care. Additionally, most short term policies won't cover pre-existing conditions. People who are unable to purchase more comprehensive policies due to factors such as preexisting conditions or high premium costs may find an STHP to be an attractive option.

Pros and Cons

Short Term Health Plans can be beneficial in certain circumstances when compared to other types of health coverage: They generally offer lower premiums than some major medical policies available on the Affordable Care Act (ACA) exchanges-- although this is not always the case; and their limited coverage periods make them ideal for those facing job transitions or other temporary life changes where coverage is needed before other forms of extended protection kick in. Furthermore, these shorter terms tend to mean less paperwork involved in switching providers and coming onto a new plan. On the flip side, there are several potential disadvantages associated with short term health plans as well: they do not cover any pre-existing conditions identified prior to enrolling; they typically have higher deductibles than a major medical policy; some states have banned them altogether due to concerns about inadequate protection being offered by these plans; and because of their restrictiveness many healthcare providers may not recognize them as valid forms of insurance.