What is Temporary Medical Insurance?

Temporary or short-term health insurance plans are designed to provide coverage for a specific period. They are typically ideal for those who are waiting for a more comprehensive policy to begin, recent college graduates, those who are between jobs or individuals who are temporarily without insurance. These plans often offer short-term coverage for one to 12 months, and subscribers may be able to buy the policy upfront or pay monthly premiums similar to a standard insurance policy. Deductibles can vary widely.

The application process for temporary insurance plans may be less comprehensive than those for traditional health insurance plans. That is because these short-term policies are designed to protect against unforeseen, catastrophic or accident-related incidents. They are not intended to provide comprehensive care, preventative care and vision or dental care.

Short-term plans operate much like traditional or indemnity health plans. You will not be required to use a specific network of providers but instead will have the freedom to visit any health care provider or facility that you choose. In many cases, you will need pre-certification before hospitalization except under emergency circumstances.

Affordable coverage, freedom and creditable coverage all make temporary insurance a worthy investment for students, those in between jobs and others in need of short-term health insurance. In some conditions, short-term coverage will cover you from the postmarked date of the application and will also cover partners and children.

Not everyone is a candidate for short-term health insurance. If you already have another plan, do not meet acceptance guidelines or require more comprehensive insurance coverage, you may take advantage more from other types of health insurance. Those who need longer-term coverage, or coverage for more than a year, may also need to consider other options, including standard individual or family health insurance plans. Most short-term policies can be renewed, however they do have limits, and if you file a claim, the plan may not be eligible for renewal.

Temporary health insurance policies also do not usually cover pre-existing conditions, the definition of which may vary by state. Normally, if you have been diagnosed or treated for any condition within the previous three to five years, you may be considered to have a pre-existing medical condition. Short-term insurance may not be the best choice for individuals with pre-existing conditions or who need more regular preventative care. When available, COBRA may be a better option for this group.

Sofi Insurance Services can help you find temporary medical insurance.

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May 17, 2013 | Author: | Posted in Health and Fitness

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