Short-Term Medical Insurance
During life transitions, you can't afford to take chances with your health or the health of your finances. Unexpected illnesses and accidents happen every
day and the resulting medical bills can be disastrous.
Just as the name implies, short-term medical insurance policies are designed as a temporary solution to a short-term health insurance gap. Most plans last 1 to 6 months and can be renewed up to a total of 36 months.
The most important thing to remember about this type of coverage is that it does not cover pre-existing conditions. These are typically defined as any condition you have experienced over the past 24 to 36 months prior to the start of coverage. It is important to answer all of the questions on the application very carefully so that you do not wind up with a denial of a claim based on a pre-existing condition.
Who needs Short-Term medical insurance?
- Individuals temporarily out of work People that are in between jobs make up a large proportion of the short-term medical market. Short-term products are often less expensive then COBRA insurance.
- Recently hired employees If you have just started a new job, you may have to wait between 1 to 6 months after your start date to become eligible for your company's group health plan. Short-term insurance can fill this gap.
- College graduates Many grads look for full-time jobs that offer health insurance benefits, but until they land the job, short-term insurance can be a useful tool.
- Those losing dependent status If you reach the cut-off age of your parents' health plan and are not enrolled as a full-time student you may be dropped. While you may be eligible for COBRA, the premiums can be very high. A short-term product can keep you insured a lower rate until you a job with benefits or enroll in an individual health plan.
- People on strike, military discharge, and early retirees You might consider a short-term product if you are temporarily without insurance for any other transition that you are currently experiencing.
At Health Insurance Depot you can apply today and be covered tommorrow...
- Get coverage for the exact number of days needed
- Save 20% by making one up-front payment or pay as you go
- Keep your own doctors
- Get 24-hour access to doctors by telephone
- Ensure your satisfaction with a 10-day money back guarantee
