In these tough economical times, health insurance isn’t always a given. Short term health insurance is an option for those who lose health insurance due to unemployment, or who are in between plans and waiting for a new plan to become effective.
Coverage offered by short term medical insurance plans typically includes claims for new injuries or illness. Preventative care, including physicals or dental cleanings, is often not covered as they are in most traditional plans.
Short term plans do, however, offer coverage for the following situations: Emergency care in hospitals, outpatient doctor visits, diagnostic and lab fees and organ transplants. Some plans being offered today also include discounts on additional items, including prescription drugs, and limited coverage for dental and vision care.
If you are unemployed or waiting for Medicare eligibility to become active, temporary insurance plans can be a useful option. You often have higher deductibles and lower fees overall with a short term insurance plan, making them an affordable option when you don’t have a traditional plan.
Short term medical insurance plans can usually be purchased online with instant access to coverage and ID cards. When looking for a short term insurance provider, select a reputable company who specializes in this type of insurance. This will make it easier to find the best coverage for the right price.
Being uninsured while you are unemployed or without access to traditional insurance plans poses a great financial risk. An unexpected illness or injury can result in thousands of dollars in hospital bills and medication costs. With a short term insurance plan, rest assured that emergencies medical care will be covered without adding a substantial amount of debt.
When looking for a temporary insurance plan, be sure to compare what is covered and the prices for each option. Often the cheapest plan may not offer the most valuable coverage, so compare benefits to get a good idea of what is available.
Short term health insurance offers peace of mind when you are faced with the stress of transitioning to a new job or are unemployed. It’s hard enough to lose your job without having to deal with the stress that unemployment brings. Be prepared by selecting a short term healthcare option that works for you.
Dan Miller often writes about short term insurance.