Is there any penalty for using ACA coverage for just a month?

My short term health insurance expires at the end of this month, so I signed up for ACA coverage beginning July 1. I am eligible for student health insurance starting 8/1. So I would basically just be using the ACA coverage for a month.

Are there any penalties for singing up for a month and then canceling the policy? I don’t plan on using anything other than pharmacy benefits for a single medication.

Thanks.

submitted by /u/almondbutter4
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My short term health insurance expires at the end of this month, so I signed up for ACA coverage beginning July 1. I am eligible for student health insurance starting 8/1. So I would basically just be using the ACA coverage for a month. Are there any penalties for singing up for a month and then canceling the policy? I don’t plan on using anything other than pharmacy benefits for a single medication. ​ Thanks.
submitted by /u/almondbutter4 [link] [comments]Read Morer/HealthInsurance

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