Short Term Health Coverage: The Basics

2007-03-08 10:33:40

( Health )



Getting short term health coverage is a wise choice if you have just graduated from college or if you are currently unemployed. It is also a good idea to purchase a short term health insurance policy if you are in between jobs and your old group insurance policy has lapsed and you are waiting for the new one to start. Regardless of the reason, you should understand that a short term health coverage only protects you for unforeseen illnesses and accidents. Coverage for short term health insurance policy is different from a comprehensive health insurance policy.

Short term health insurance coverage includes hospitalization costs if you are suddenly ill or you are involved in an accident. Major insurance carriers waive your deductibles in the event of an accident. You also have the flexibility to choose your own providers. However, some health provider networks will require you to still pay a percentage of the costs.

Major insurance carriers offer different payment options when it comes to short term health insurance. You can opt for a one-time payment, or you can pay monthly. Single payment for short term health insurance coverage is actually cheaper than paying monthly. However, if you do not know how long you would need short term health insurance, renewing your coverage monthly is the best choice for you. You can save money by choosing a one-time mode of payment only if you know how long you would need insurance coverage. Most insurance companies only allow a maximum of one year for short term heath insurance coverage.

When getting short term health coverage, you should be aware that it does not include any pre-existing health conditions you may have. It does not cover regular check-ups or even maternity and pre-natal care. Dental and vision care coverage that are usually offered in comprehensive health insurance policies are also excluded.


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