What is short term health insurance?
Short term health insurance is for people who are in-between jobs, students, recent graduates, on strike, or for people who for just about any
reason are waiting for another health insurance plan to kick in.
Short term insurance is a good option for people who do not currently have health insurance but will have it soon.
Most short term health insurance policies have are available for one to six months, but some plans have a maximum of 12 months.
What are the benefits of short term health insurance?
Having short term health insurance is a good option for people who need coverage for a short period of time. If you're in between jobs,
it's a great way to have peace of mind knowing that you're insured if you become sick or injured.
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Also, if you have a family, short term medical insurance can often be extended to cover your spouse and children.
The benefits of short term health insurance are similar to regular insurance except there may be more restrictions with a short term plan.
For example, preventative and routine care may not be covered by short term policies. Also, maternity care is usually not covered, and
most short term health insurance plans won't cover preexisting conditions.
Services often covered by short term health insurance include prescriptions, ambulances, intensive care, and some hospital care.
Coverage varies, so compare a few policies to make sure you're getting the best plan for your needs.
The Internet is a good place to shop for short term health insurance quotes because you can get quotes instantly, and the competitive online market will give you good rates.
How much does short term insurance cost?
Prices vary for temporary health insurance plans, but the cost is comparable with regular health insurance.
For example, the rate for a 40-year old male seeking short-term health insurance currently costs around $150 - $300, depending on the extent of coverage.
(Regular health insurance for the same male is approximately $80 - $150.)
What should I avoid when shopping for short term health insurance?
The most important thing to remember about short term health insurance is that it should not take the place of regular coverage.
It's only for people without preexisting conditions who need coverage for a short period of time. If you think you may need coverage for more than six months,
consider getting a traditional health insurance plan
Also, short term health insurance can not be renewed and will usually expire after the allotted time has passed.
Finally, make sure the insurance company and the agent you're dealing with are licensed to do business in your state. You can find this information from your state insurance department.
What about short term health insurance for students?
Many students wonder if they should apply for short term health insurance if they take time off from school or during summer breaks.
Most student health insurance plans are year-long plans: this means that students are covered for an entire year, not just during the school term.
So even if you have to leave school for some reason, you're still covered for the entire policy year.
Typically the only reason students need short term health insurance is if they're a recent graduate, their policy year has ended, AND they're looking to get hired in a few months by a company
that offers health insurance benefits. Otherwise, graduates should consider a regular individual health insurance or family health insurance plan