Sometimes you need short-term or temporary health insurance when, for instance, you’ve just graduated from college, you’re in between jobs or you’ve just started a new job. You may also need temporary health insurance when you’re a contract worker, have retired early, or your COBRA coverage has ended.
How much is Temporary Health Insurance?
Temporary health insurance can be quite affordable for people in good health. You can choose from a wide variety of options from basic to comprehensive coverage. Many people only buy short-term insurance to protect themselves from a catastrophic health event. Usually temporary policies can range from one to twelve months though sometimes they can be renewed for up to three years.
What Kind of Coverage Will I Get?
With temporary health insurance, you will have a wide choice of doctors, hospitals and clinics covering a full range of healthcare services – surgeries, lab work, x-rays, and much more. Many short-term policies carry a fairly low deductible but be warned, if you have a pre-existing condition, you will likely be denied coverage.
Are There Any Disadvantages to Temporary Health Insurance?
There are a few disadvantages to temporary health insurance. You may have to pay a deductible for each claim you file. You might be required to have pre-certification for a variety of medical services. Finally, if you have an accident or contract an illness and you file a claim to your temporary health insurance policy, that may be viewed as a pre-existing condition when you apply for another temporary policy
COBRA (Consolidate Omnibus Budget Reduction Act) was first adopted in 1985 as a way for employees who’ve lost their jobs, to continue their employer’s group coverage. With COBRA, your employer is no longer obligated to pay a percentage of your premium; you must pay for your own insurance. The advantage of COBRA is that if you were following a course of treatment, and you suddenly lose your job, you don’t have to cease or postpone your treatment. COBRA coverage can usually last up to 18 to 36 months after which, if you’ve not found new employment or health insurance, you can seek temporary health insurance.
When buying temporary health insurance, consider a few points:
* Temporary health insurance policies can feature a wide range of coverage.
* Pick a plan that is right for you; whether it’s plan that only covers unexpected emergencies and illnesses; or something more expensive but with more coverage.
* Temporary health insurance policies are usually valid 30 days to one year.
* Understand the disadvantages to temporary health insurance, namely, if you have a pre-existing condition, you will likely be denied coverage.
Now that you know a little more about temporary health insurances policies, we recommend you read up and familiarize yourself with several insurance carriers. When you’re ready, feel free to use InsuranceUSA.com for a free rate quote.