Short Term Health Insurance

Posted in Health Insurance

January 15th, 2009

There are numerous options when shopping for health insurance. Some people can become ensured through an employer and others choose to purchase individual policies. There are certain situations, however, that require someone to choose short term health insurance. This type of insurance generally lasts between 6 and 12 months, but can be as short as one month. Opposite from a long term plan, short term health insurance usually only covers major medical issues, while a long term plan covers preventative care and maintenance.

Why Short Term Health Insurance?

There are different reasons why a person would choose a short term health insurance policy over a long-term plan. Many people lose their health insurance benefits once they leave a job. Sometimes, health insurance is extended by COBRA, which is a plan that allows past employees to extend their current coverage by paying for it themselves. This plan can be costly.

A short term health insurance policy may be more cost-efficient in covering your health care needs in case of an emergency. This type of insurance isnt quite as flexible as a long-term plan, but may be a better option for someone looking to cover medical insurance needs while seeking new employment.

The Goal of Obtaining Short Term Health Insurance

Short term health insurance is a quick and simple solution for people going through a transition. It can cover your medical expenses if you have an accident or become ill during the period of your policy. Short term health insurance is meant to keep you insured while you look for a long-term solution for your health insurance needs. If youre looking for a more permanent health insurance plan, a short term health insurance policy can give you the peace of mind that emergency medical expenses wont get out of hand while you figure out your long term goals.