What is a Temporary Short-Term heatlh insurance plan?
Short Term Medical is a temporary health insurance plan designed for people who
are between permanent health plans. Short Term Medical can provide you with necessary
health insurance coverage whether you are:
- Between jobs
- Waiting for employer group medical coverage
- A recent college graduate
- A temporary or seasonal employee
- A dependent falling off their parent's health plan
- A laid off, striking, or terminating employee
- A laid off, striking, or terminating employee
What is the cost of Temporary Short-Term Health insurance?
Short term health plans often can be a one time expense. Shoppers have the availability
to pay on a monthly basis or have a single payment option. Short term plans are
often half the price of an individual health insurance policy.
What is the time required to get a short term insurance plan?
Unlike individual health insurance plans, that can often have 4-6 weeks of underwriting
time, during which you are NOT covered, short term plans are usually in-force the
next business day.
What are the coverage benefits of Temporary Short-Term health insurance plans?
A lot of consumer confusion can occur when investigating their individual or group
health plan details such as deductible, co-pays, and stop losses. Short term plans
consist of a deductible, payment options and length of coverage. Since the plan
is not an HMO or PPO, you choose your own doctors and hospitals. Short term health
plan highlights include the following:
- Prescription drugs
- Intensive care
- Lab and X-ray
- Ambulance service
- Extension of benefits options such as certain disabilities
What are the disadvantages of purchasing a short term insurance plan?
Purchasing a short-term medical insurance plan will make you ineligible for any
guaranteed issue individual health plans commonly referred to as HIPAA Plans. HIPAA
plans are usually very expensive and are generally intended for people with pre-existing
medical conditions who would have trouble getting health insurance otherwise.
If you wish to maintain your eligibility for HIPAA plans, you SHOULD NOT purchase a
short-term plan. Please consult your benefits advisor to discuss your rights under
the Health Insurance Portability and Accountability Act (HIPAA) and other rights
under state law.
Does Temporary Short-Term Health plans cover pre-existing conditions?
Short-term health insurance plans typically do not cover pre-existing medical conditions.
The definition of a pre-existing condition varies by state, but, in general, short-term
health insurance policies exclude coverage for conditions that have been diagnosed
or treated within the previous 3 to 5 years. If you have an existing medical condition,
you may want to research whether you can extend your current insurance. Employer-sponsored
insurance can be extended under a government-regulated option commonly referred
to as COBRA, which you should seriously consider if you have an existing medical
condition.
What is the time required to get a short term insurance plan?
Unlike individual health insurance plans, that can often have 4-6 weeks of underwriting
time, during which you are NOT covered, short term plans are usually in-force the
next business day.
How long does a Temporary Short-Term heatlh insurance plan last?
Coverage is available for 30 days up to 12 months, depending on your particular
needs and can most often be issued immediately (effective the day following receipt
of your completed application).
What is best way to apply for Temporary Short-Term health insurance plan?
Enrollment can be completed by mail, fax or online from the links below: