A Guide To Individual Short Term Health Insurance

Individual short term health insurance is a kind of stop-over arrangement for health insurance coverage. This insurance covers the intensive care, emergency medicine, prescription drugs, ambulance service, inpatient and outpatient hospital surgeries, physician service, inpatient hospital stays, and lab and X-ray. Due to its low cost, this plan does not include optical care, dental care and preventive care such as immunization, PAP smears, and physical tests.

As compared to group plan however, individual short term health insurance is expensive. In case of group plans, a range of choices is given to the employee making the options easier. However, in individual short term health insurance plan, the coverage choices are more, and confusion often makes the costs higher.

Benefits Of Individual Short Term Health Insurance

Due to fast purchase process and high coverage limit, individual short term health insurance have become quite popular in recent years. Most of the insurance companies now offer short term health policies, and accept credit card payment option. But, there are also lots of limitations of individual short term health insurance plan, hence one must read all the terms and conditions carefully, and understand the limitations.

Individual short term health insurance plans are available in durations from one month up to 12 months. The coverage of these plans is same as standard plans, but are not renewable. This plan is ideal for an individual waiting for another plan, or in-between job change. It is also a good choice for anyone not having a short-term insurance, or recently graduated student who are no longer covered under their parent’s policy.

As individual short term health insurance plan gives coverage only up to a year, consider main-stream health plans if you need longer coverage. This plan does not cover individuals older than 65 years, and there is a condition that the applicant should not have been covered by any other insurance policy. Each individual short term health insurance coverage policy comes with a set of qualifying conditions in terms of weight and height, and one must comply with these specifications to become eligible.

There are various individual short term health insurance plans to choose from, and the coverage begins almost instantly for those looking for insurance on short notice.

Although there are many limitations associated with individual short term health insurance plans, they still are a great way to fill the fill the gap in the coverage of health insurance giving peace of mind. With so many options available, there is no need to stay without health coverage, and risk one’s health.