Even with an Obamacare health insurance plan, the financial impact of an accident or serious illness can strain your budget. Metal Gap 2 from Independence American Insurance Company provides payments, made directly to you, when a covered critical illness or accident occurs.
Because the payment is sent directly to you, it can be used to pay for your health plan’s deductible or other cost-sharing, or for everyday expenses such as rent, a mortgage, a car payment or credit card bills. And just like your Obamacare plan, Metal Gap 2 is a guarantee issue plan, meaning you cannot be turned down for coverage based on your health history.
This is not qualifying health coverage (“Minimum Essential Coverage”) that satisfies the health coverage requirement of the Affordable Care Act. If you don't have Minimum Essential Coverage, you may owe an additional payment with your taxes.