Generally known as the Temporary Health Insurance, the Short Term health insurance is away to cover your health care in times when it is not possible for you to have a full-time insurance, mainly to build a bridge in the time of need. Life nowadays for every individual change very fast, so it is not possible for us to depict what is going to happen next. But with this Temporary health insurance, you are assured with flexibilities.
People who can take up these plans:Short-term insurance can be availed by anybody and everybody, but these are some who need it immediately:
- Are not under their parent’sinsurance
- If you are changing jobs
- If you are a college student
- If you still don’t have the official benefits
- As an alternative to the COBRA insurance
- If you don’t own an insurance post-divorce
- If you are under the age of 65 and still in proper health conditions
Things to know about it: This is a new trend and option instead of the long-term medical or health insurances that you can opt for. But everything has its pros and cons. So here we are listing five important things you need to know about the Temporary Health Insurance:
1. The time period is limited: They are available for really short times ranging from a year at maximum, to three months and lastly even for a month. They only cover major problems only.
2.Can be denied under them: It’s seen that they can reject your applications while you are applying the short term or temporary health insurance. They require a lot of medical underwritings.
3.Lower premiums: As they are of shorter periods they are usually much cheaper than other plans. As of earlier days,it’s seen to around $110 only. They have several benefits to the price, though.
4.Mainly Millennial’s: With all the different policies these insurances also are for selective groups. People who couldn’t fill the long term insurances or are not qualified for those fill the short term or temporary ones.
5.Maternity leave: This is an important point to remember that they do not cover your maternity period leaves. Along with that they also do not account for the prescribed medicines.
These are some of the most important things that you need to know about the Temporary health Insurance. It is always a better idea to opt for a normal and long term insurance in spite of these because they offer so much more.