You buy a short term medical insurance to bridge the gap while you
are waiting for your usual medical insurance coverage to begin once
again. A short term insurance provides coverage for say one month to
one year.
You need a short term medical insurance policy to fill the gap created when you,
Graduate from college
Plan to change your job/profession
Waiting for your group coverage to start.
In
all cases, short-term health insurance plans only cover accidents and
unanticipated ailments. However, if you are suffering from a long time
disease, it will not be covered by a short term health or medical
policy.
COBRA is a kind of short term medical insurance plan.
COBRA is a government regulated insurance option which helps in
increasing the extent of your employer sponsored medical insurance
until and unless you obtain a new medical insurance policy. COBRA is
the best to buy especially when you are not willing to go for another
short term insurance plan.
Short term medical insurance
plans are meant for people less than 65 years of age. A short-term
health insurance policy is also a part of an “indemnity” plan. Such an
option gives you the independence to select your preferred physician.
The coverages provided by this policy include costs of surgery,
hospital care, emergency services, diagnostic tests, prescription drugs
and follow-up office visits.
Short term health insurance
plans also come with sub-limits and specific conditions. The policies
may also offer limited mental health care. As the cost of this
particular medical insurance is low, it does not include routine
preventive cares including physiological examinations, immunizations
and PAP tests.
Recently short term medical insurance plans
are gaining popularity due to their low monthly cost, high limits for
coverage, and hasty purchase procedure. This health insurance option is
obtainable in both individual short term health insurance and group
short term health insurance.
Nowadays, some short-term
health insurance companies offer credit card payment schemes. A short
term health insurance plan is affordable and thus it is very popular
with students who are in need to obtain coverage in the most
inexpensive and easy manner. In case of short term medical insurance
plan, you do not need to go through medical examinations.
Like
all other medical insurance plans, a short term health insurance policy
too comes with several limitations and exclusions. So, when you decide
to go for a short term insurance plan, make sure to go through its
limitations well before taking any decision.
Almost all
short-term medical insurance companies offer online quoting, but it is
best if you shop around to pick up the most reliable and profitable
short term medical insurance plan.