Can You Renew Short Term Health Insurance? 
Short-term health insurance coverage can typically be renewed one tome before it 's time to change companies . Naturally , there are exceptions . As an experienced health insurance broker -LRB- 33 years -RRB- , this type of coverage has become very popular with customers . It 's incredibly cheap , can be approved in less than 24 hours -LRB- sometimes instantly -RRB- and cancelled at any time . Because these plans are not ACA-compliant , the dreaded Obamcare tax penalty will apply -LRB- 1 % of household income -RRB- . But prices are low ! 