Types of Health Insurance

Quick facts about the different types of health insurance
you can sell with Norvax technology and the GoHealth Marketplace

 

 

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

Available Major Medical Carriers

Enroll subsidy eligible consumers in on-exchange plans

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

Available Short-Term Medical Carriers

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

Available Fixed Indemnity Medical Carriers

On-exchange quoting

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

Available Ancillary Carriers

Year-Round Sales

To contact us directly email sales@norvax.com or call 1-866-466-7829

Features available as of: