The Long and Short on Short Term Health Insurance



Sometimes, short-term health insurance is just plain needed. If you
have just graduated from school, or left a job, or need to get your
own insurance on a temporary basis while you job hunt, this might
be the answer for you. This can also be very helpful while waiting
for your employer’s group health insurances waiting period to end.
Many employers require you be with the company at least 90 days
before you can even think about wanting insurance, and then it can
be the first of the next month before they kick in. If you can get
short-term coverage where you live these are good times to consider
this type of health insurance. As the name states, short-term
health insurance is health insurance that is top be used for the
short-term. For usually 30 days to 180 days though some plans will
offer coverage for up to 12 months. If you haven’t found what you
are looking for yet at the end of the period you can always renew,
if the company offers that possibility. You shouldn’t try to rely
on short-term health coverage for more than a year some companies
don’t allow renewal, and in fact, most don’t.

Usually you will receive many the same benefits as you would with a
regular health plan, the outline is very similar. It is just the
time you have on the plan that is different and what type of
procedures are most likely to come up that are mostly covered. You
will have the same limitations, freedoms, co-pays, and deductibles
as you would with any other private insurance. In most situations
you can pick out your own providers such as doctors, hospitals and
other medical professionals covered under your plan. You probably
won’t need a physical and your coverage will most likely start
immediately after receiving the first payment. You can also expect
previously existing conditions to probably not be covered. This
keeps the cost down and makes you look to more long-term policies
for your needs. The point of this policy is to protect from those
unexpected accidents, illnesses, and emergencies, not provide
routine care that would only be done once in a year and can come
out of pocket. The point of this plan is to be inexpensive and keep
you from the big money pinches.

Many short-term plans don’t offer some of the same benefits as
regular plans, this helps reduce its cost. They are more concerned
about what will be covered in the short-term basis then any normal
routine things that might come up during that period that you can
cover yourself. There is a good chance that you will not be covered
for regular check ups, pregnancy and childbirth costs, dental,
vision, or preventative exams. Your coverage will most be likely to
include illness and emergency care which would cost you the most
out of pocket. So you will definitely want to get a new plan
through work or privately as soon as you find one that suits your
needs and budget. Having a permanent health package is much more
suitable and economical. Short-term plans are meant to bridge you
through till you get a new plan that has long-term coverage.

Short-term health insurance is exempt from the Health Insurance
Portability and Accountability Act. In other words, you will not
qualify for COBRA if you only have this type of coverage at your
job and not a normal health care plan. As a result, most carriers
don’t have to guarantee to renew you when your time frame is over.
They also don’t have to waive pre-existing conditions, even when
other plans would. They only have to help out with those rare
occasions you might get sick or if there is an emergency. Let’s
face it; you won’t be likely to have too many emergencies in a
year, so the company is making a profit. It is much better and
economical to get a regular plan as soon as you can to avoid paying
out too much money in routine costs. You would not want to keep
this type of plan if your employer offers medical benefits. If,
and/or when, you leave this job you want to be able to qualify for
COBRA and have all the necessary benefits, instead of pay more for
less.

The Long and Short on Short Term Health Insurance
DISCLAIMER: This information is for educational and informational
purposes only. The content is not intended to be a substitute for
professional advice. Always seek the advice of a licensed Insurance
Agent or Broker with any questions you may have regarding any
Insurance Matter.

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