When To Get Temporary Medical Insurance

2007-03-08 10:33:40

( Insurance )



Temporary medical insurance is usually for people who are in between jobs, those who have been laid off or on strike. This type of insurance applies also for recent graduates who do not have a job yet or for people whose existing coverage already lapsed and they are waiting for the new one to start.

Temporary medical insurance is simpler compared to comprehensive health insurance coverage. Temporary health insurance is designed to protect you against unforeseeable circumstances like unforeseen illnesses or an accident. Regular health benefits like vision and dental care are not covered by temporary medical insurance.

One important thing you have to be aware of when purchasing temporary health care is your eligibility towards guaranteed individual health plans. These health plans are basically your guarantee that you can get medical coverage even if you have preexisting medical conditions. If you purchase a temporary health insurance, you are no longer eligible under guaranteed individual health plans. You may want to consult with your insurance or benefits agent to get a clear picture of your health insurance and eligibility status.

Minimum coverage for temporary medical insurance is usually thirty days. Most insurance companies give you several payment options. You can choose to pay monthly if you do not know exactly how long you will need temporary health insurance. If you know the exact length of time you would need temporary coverage, you may want to pay up front. Full, single payments for temporary health insurance usually get you a lower price and more benefits compared to paying monthly.

However, you cannot keep extending your temporary health insurance. Most insurance carriers only allow you to renew your temporary health policy once. Once you have received confirmation that you already have a comprehensive health insurance in place, you need to call the company that provides you temporary health insurance and cancel the said coverage.


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