Short-term health insurance is designed to provide temporary health insurance during a lapse in coverage. This type of insurance protects against the risk of incurring expensive medical bills if you experience an unexpected illness. This type of coverage may be needed in several situations:
- Waiting for the open enrollment period.
- Changes in employment, awaiting benefits to begin.
- Lost health insurance at work.
- Covered by parents, and are now 26.
- Bridging the time gap before Medicare starts.
How Does Short-Term Health Insurance Work?
Short-term health insurance is a unique type of insurance, differing from other plans. These temporary health insurance plans provide coverage for 30 days to 12 months. These health insurance plans, based on the plan you select, can cover:
- Inpatient, outpatient hospital care.
- ER visits.
Benefits of Short-Term Health Insurance
Short-term health insurance offers several benefits:
- Fast approval process, generally within a day or two.
- Several plan choices with different deductibles.
- Select a policy length from one month to one year.
- Premiums are lower than standard (ACA) insurance plans.
How is a Short-Term Health Insurance Plan Different from the Affordable Care Act?
ACA insurance plans are required to cover people with preexisting conditions, but short-term health insurance plans do not have this requirement. Each insurer varies in the coverage provided by their short-term health insurance plans. It is important that you understand what the plan offers before you buy so your temporary health insurance best suits your situation.
If you need temporary health insurance, our local agents can explain the various plans and help you select the plan that suits your budget and your needs.