Are you currently without health insurance?

What if an unexpected illness or accident happens to you or your family? Going without medical insurance, even for a short time can put you or your family at severe financial risk. Don’t take that chance; get affordable HEALTH INSURANCE now! Are you currently without health insurance?

Affordable Short Term Health Insurance

Short term health insurance is ideal for individuals in transition. If you are one of the 16 million Americans who will be buying temporary health insurance this year, there is an affordable health insurance policy for you. If you are eligible to purchase such coverage, competition among the insurance industry has now driven the cost of short term health insurance down to much less than the price of a monthly car payment.

Who might need short term health insurance? Maybe you have just graduated from college and are no longer covered under your student health insurance, or you moved out on your own, and you’re no longer covered under your parents’ medical insurance plan. Or maybe you are part-time employed, going to school, leaving home for the first time, or even early retirement. Perhaps you’ve found a new job, but your new employer’s group health insurance plan won’t kick in until you’ve been with months. These or other reasons an individual without health insurance should look into purchasing short term health insurance. An affordable health insurance plan might the perfect solution for you, especially when you need a short term medical insurance policy.

Short term medical insurance is designed for healthy individuals and families who do not need coverage for pre-existing conditions and can provide a low-cost safeguard in case of illness or injury that might develop during the coverage period. However, as the name implies, a temporary solution is short-term health policies. While some plans now offer coverage for up to 36 months, most short term policies limit the amount of time that you can keep the system to 12 months or less. Short term health insurance is typically bought in one-month increments, which makes it convenient to drop at the end of any month.

The most important thing to remember when buying individual or short term health insurance is that these short term plans are not designed to cover any pre-existing conditions. This limitation explains why the monthly premiums are so low for this kind of coverage. Pre-existing conditions are typically defined as any condition or symptom which you had during the 36 months before the start of coverage. For this reason, it’s always a good idea to be honest when you answer every question on the application itself. Otherwise, you may wind up having your claims for pre-existing conditions being denied.

All short term medical insurance policies have a list of limitations and exclusions, so its also advisable to be sure to read what is your what is not included. Do not be bashful about asking your agent questions before the purchase, especially when it comes to your medical insurance coverage.

Short term health insurance is ideal for individuals in transition.  If you are one of the 16 million Americans who will be buying temporary health insurance this year, there is an affordable health insurance policy for you.  In fact, if you are eligible to buy such coverage, competition among the insurance industry has now driven the cost of short term health insurance down to much less than the cost of a monthly car payment.

Who might need short term health insurance? Maybe you have just graduated from college and are no longer covered under your student health insurance or you moved out on your own, and you’re no longer covered under your parents’ medical insurance plan. Or maybe you are part-time employed, going to school, leaving home for the first time, or even early retirement. Maybe you’ve found a new job, but your new employer’s group health insurance plan won’t kick in until you’ve been with  months. These or other reasons an individual without health insurance should look into purchasing short term health insurance. An affordable health insurance plan just might the perfect solution for you especially when you are in need of a short term medical insurance policy.

Short term medical insurance is designed for healthy individuals and families who do not need coverage for pre-existing conditions and can provide a low-cost safeguard in case of illness or injury that might develop during the coverage period.  However, as the name implies, a temporary solution is short-term health policies. While some plans now offer coverage for up to 36 months, most short term policies limit the amount of time that you can keep the policy to 12 months or less.  Short term health insurance is typically bought in one-month increments which makes it convenient to drop at the end of any month.

The most important thing to remember when buying individual or short term health insurance is that these short term plans are not designed to cover any pre-existing conditions.  This limitation explains why the monthly premiums are so low for this kind of coverage.  Pre-existing conditions are typically defined as any condition or symptom which you had during the 36-month period prior to the start of coverage.  For this reason, its always a good idea to be honest when you answer every question on the application itself, otherwise you may wind up having your claims for pre-existing conditions being denied.

All short term medial insurance policies have a list of limitations and exclusions, so its also advisable to be sure to read what is your what is not included.  Do not be bashful about asking your agent questions prior to the purchase, especially when it comes to your medical insurance coverage.

Who needs short term health insurance?

Short-term health insurance serves an essential function for certain groups of healthy people due to its low cost, high coverage amounts, and fast purchase process:

  • Part-time and temporary employees are among the most likely individuals of short term health insurance as many corporate plans do not cover part-timers.
  • People between jobs are also among the most likely in need of temporary medical insurance. Many people who are laid off or are between jobs can continue coverage with their previous employer under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) for up to 36 months depending upon the circumstances until a new employer’s plan kicks in. However, some individuals might experience shock when learning what their COBRA premiums will be to maintain a corporate program. If COBRA premiums are too high for your budget, and you don’t need coverage for pre-existing conditions, an affordable short term policy with lower premiums might be the solution for you.
  • Recent college graduates who no longer are covered by their student health insurance plans are another group of individuals looking for short term health insurance.  Most college grads will look for jobs offering health insurance benefits, but until they succeed, short term insurance can fill the gap.
  • Those who lose dependent status under the health coverage of their parents are also likely short-term consumers. If you reach age 18 and are not enrolled as a full-time student, you will most likely be dropped from your parents’ health insurance policy. In this situation, you will be eligible for COBRA, but premiums can be very high.  An affordable health insurance plan can keep you insured for less until you find a job that offers health insurance, or you enroll in an individual health plan.
  • Finally, you might consider a temporary health insurance plan if you are temporary without insurance for some other reason. Maybe you are on strike, recently discharged from the military or have retired early and need coverage until you qualify for Medicare.

How does it work?

A short term health insurance policy works like an “indemnity” plan, which generally gives you the freedom to go to any doctor or specialist you like. However, most programs do require pre-certification, which is an obligation that you should become familiar with.

Surgery, hospital care, emergency services, diagnostic tests, prescription drugs, follow-up office visits, and even limited mental health care are included under most short term health policies, albeit with sub-limits and special conditions.

Because affordable, short term health coverage does not typically pay for routine preventative care such as physical exams, immunizations, and PAP tests. A good rule of thumb to remember with short term health coverage is that it doesn’t pay unless you’ve suffered a defined illness or injury for the first time during the policy period of coverage.

Short-term coverage, like most individual health insurance policies, excludes pre-existing conditions. The “look-back” period for these circumstances may differ by state, but the most common rule for short-term strategies is that suppliers may exclude coverage over the past three years for conditions or symptoms known to occur.

While many short-term policies are now renewable for up to 36 months, remember that if you submitted any claims under your prior short policy, some insurers would refuse to issue you a second or third policy. Others may offer you a different system, but they will treat any injury or disease that occurred during your previous short-term procedure as pre-existing conditions and will not cover treatment related to such terms.

Most reputable companies and agents offer a 30-day guarantee period of satisfaction and will refund 100% of your premium within this time frame should you decide that you do not want the policy after all. To get your money back during this window, however, you must not have filed any claims.

One of the short-term policy’s main attractions is its low premiums. The reason the premiums are so low is that the plans do not pay for any pre-existing conditions. The short term health insurers have established, then, pools of healthy people and families, each of whom will only need the coverage for a short time. Given this group’s low-risk characteristics, it is reasonable that insurance costs remain low for everyone precisely because there will be so few claims from people.

Premiums for each plan will vary by company and your geographic zip code. Many short term plans will allow you to pay you are all of your premiums upfront or every month. Most companies give discounts when you choose the single payment method.

A short term health insurance policy works like an “indemnity” plan which generally gives you the freedom to go to any doctor or specialist you like.  However, most plans do require pre-certification, which is an obligation that you should become familiar with.

Surgery, hospital care, emergency services, diagnostic tests, prescription drugs, follow-up office visits, and even limited mental health care are included under most short term health policies, albeit with sub-limits and special conditions.

Because affordable, short term health coverage does not typically pay for routine preventative care such as physical exams, immunizations, and PAP tests.  A good rule of thumb to remember with short term health coverage is that it doesn’t pay unless you’ve actually suffered a defined illness or injury for the first time during the policy period of coverage.

Short-term coverage, like most individual health insurance policies, excludes pre-existing conditions. The “look-back” period for these circumstances may differ by state, but the most common rule for short-term strategies is that suppliers may exclude coverage over the past three years for circumstances or symptoms known to occur.

While many short-term policies are now renewable for up to 36 months, remember that if you submitted any claims under your prior short-term policy, some insurers will refuse to issue you a second or third policy. Others may offer you a different policy, but they will treat any injury or disease that occurred during your previous short-term policy as pre-existing conditions and will not cover treatment related to such conditions.

Most reputable companies and agents offer a 30-day guarantee period of satisfaction and will refund 100% of your premium within this time frame should you decide that you do not want the policy after all.  To get your money back during this window, however, you must not have filed any claims.

One of a short-term policy’s main attractions is its low premiums.  The reason the premiums are so low is because the policies do not pay for any pre-existing conditions. The short term health insurers have established, then, pools of healthy people and families, each of whom will only need the coverage for a short period of time.  Given this group’s low-risk characteristics, it is reasonable that insurance costs remain low for everyone precisely because there will be so few claims from people.

Premiums for each plan will vary by company and your geographic zip code.  Many short term plans will allow you to pay your all of your premiums up front, or on a monthly basis.  Most companies give discounts when you choose the single payment method. 

Who’s eligible?

Most insurers only sell short term health policies to people under the age of 65. And if you have ever been denied health insurance, you probably won’t qualify for short term insurance.

Also, you should not buy short term health insurance if you are already covered by another policy. Each short term health plan has its own application that contains a number of qualifying questions. Additionally, you must meet the acceptance guidelines, usually including acceptable height and weight charts.

If you are not one of the 174 million Americans covered under an employer or another type of plan, short term health insurance coverage might present an appealing, affordable health insurance option worth considering.

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