Substitute Insurance

It’s no secret that we live in an unpredictable and unprecedented time. Unemployment is at an all-time high in many nations, and families struggle to make ends meet. Even if you have a job that seems secure today, there is unfortunately no guarantee that it will be here tomorrow. Knowing this, it’s more important than ever to understand the value of unemployed health insurance.

The concept of short term insurance is simple. If you are without insurance temporarily (because you are between jobs or for some other reason), you can buy short term coverage to make sure that you and your family are still protected in the event of a medical emergency. So if you lose your job, or you leave your current job for a new one which doesn’t make insurance available to new hires until a probationary period has passed, you don’t need to worry.

If you are used to only paying co-pays through your current insurance program, you may not realize that typical doctor’s visits cost hundreds of dollars before insurance coverage is applied to them. When you’re between jobs, the last thing you need to deal with is the unwelcome expense of medical care, especially given how expensive it is. Short term medical insurance offers a solution to that problem.

Temporary insurance offers a very affordable option for those who are searching for a new job or who are waiting out the probationary period at a new employer. One way to make the plans more affordable is to select a higher co-insurance rate and higher deductible. This will reduce your premium fees, allowing you to further maximize your savings when it’s most important to you.

And that’s not the only way in which unemployed health insurance gives you the ability to choose your own policy terms. You ca also pick the length of time you need coverage for. So if you are just waiting out a 60 day probationary term at your new job, you can buy a short term policy for 60 days and then opt into your company’s plan. Or if you are preparing for a long job search, you can choose a longer policy (they range from 30 days to 360). This way you can buy only what you need and make sure you don’t waste any money.

Think that because you are buying a temporary plan that your choice of providers will be limited? Think again, because short term health insurance will allow you to choose your own doctors and your own hospitals for your healthcare needs. So you’ll get all the freedom of choice you experienced under your own plan – and maybe even more.

And with next day plan approval, short term insurance plans save you the frustration of wondering whether you and your family will be able to get the insurance coverage you need. You’ll know right away whether you’ve been accepted, leaving you to focus on your family.

While you focus on getting settled into your new job or finding another one, short term insurance will take away the worry of how your family will get affordable healthcare. With affordable prices, flexible terms, and the ability to choose providers you’re comfortable with, this type of temporary insurance offers a valuable service.

Dan Miller often writes about short term insurance.

categories: insurance,health,health news,finance,family,insurance news,press release