Short Term Health Insurance

Are you one of the many people who believe that health insurance only comes in long term engagements? Fortunately, if you only need to secure your own health insurance for a short period of time, you have another option. Let’s talk about the benefits of short term health insurance and who can gain the most from utilizing its services.

What is Short Term Health Insurance?—Short term health insurance is health insurance that keeps you safe during transitional periods.

What’s the Point of Short Term Health Insurance?—The reason insurance companies offer short term health insurance is simple. Everyone experiences a transitional period at some point in their lives. This transitional period will probably leave you without health insurance for a period of time and it is never wise to allow your health insurance coverage to lapse.

Who Should Consider Short Term Health Insurance?—Short term health insurance is for anyone in a transitional period. Some examples of people who should consider short term health insurance are:

• People who are still in the process of choosing a health insurance company.
• Young people moving away from home for the first time.
• People who are leaving their current job.
• People who are starting a new job.
• People who are between jobs.
• Students who are going to school away from home.

What Are the Specifics of Short Term Health Insurance?—If you are in one of the above categories or need short term health insurance for some other reason, you will also need to consider the following information:

1. Short term health insurance typically give you coverage for 30 to 180 days although some short term coverage plans may cover you for up to 12 months.
2. If you need your plan for longer than one year, short term health insurance may not be for you.
3. Short term health insurance requires you to pay deductibles and co-payments.
4. Short term health insurance allows you to pick your own doctors, hospitals and clinics.
5. You will most likely not have to submit to a physical exam in order to get coverage.
6. You will receive coverage all inpatient/outpatient services, lab work and x-rays.
7. Unlike most insurance plans, short term health insurance does not have a guaranteed renewal policy in place.
8. You will not receive coverage for any of the following: pre-existing conditions, regular medical examinations, preventive care, dental care, eye care or obstetrics. If you have a pre-existing condition, short term health insurance does not have to issue you a waiver and does not have to extend services to you, even at a higher premium.

What is the Easiest Way to Purchase Short Term Health Insurance?—You can obtain quotes for short term health insurance by going directly to the company’s web site, or you can visit an independent shopping comparison web site that can give you quotes and help you through the sign-up process in as little as two hours.

Remember, although short term health insurance plans may include a number of limitations and exclusions, it offers cheap, effective health insurance that fills the gap in transition times.