Pros and cons for short term health insurance

October 9, 2010 by  
Filed under Health Insurance

There are many situations when people need health insurance for a limited time. If you are in this situation you should know that there are options for you besides getting a traditional health insurance plan. You can opt for short term health insurance.
Unfortunately, many times things happen when you least expect them and therefore you should always be prepared for the worst. You do not want to leave yourself uninsured, not even for 3 months. There are some advantages of this type of health insurance too. For example, the rates are lower in order for everybody to afford them. Another good aspect is that you will have continuity in your health insurance.
If you are not over 65 and are in your best health condition you can qualify for this type of insurance. This is because this type of policy that is offered only to those who are not at high risk of having health problems in the near future.
One big disadvantage of short term health insurance when compared to the traditional one is that you have some limitations when it comes to coverage payments. If you have an accident or an unexpected disease, you are not covered by the short term insurance.
You are the one who chooses the doctor and the hospital if you have a short term health insurance. Usually, this type of insurance will cover payments for laboratory exams, hospital rooms and other services. However, you will have to pay a part of these expenses. Medications that you need to take after you recover are not covered either.
There are a lot of limitations and strict rules regarding payment methods and application for short term health insurance. This is a known fact, but you should think about getting it as it is better than being uninsured. Your short term health insurance will pay some of the basic medical needs if you will be in that situation.
The money you can expect to get from a short term health insurance depends on the deductibles you choose. If you will choose high deductibles, you will receive less money as they will only begin paying your expenses from that amount up. This is why you should choose low deductibles especially at first.
However, low deductibles may increase drastically your premium so what you should do is a balance between high and low deductibles and then you should calculate which one of them suits you best.
You should know that there are some short term health insurance plans that require you to pay some of the expenses. The amount you will have to pay is stated in percents. You should be the one choosing such plan or not. In fact, you should do the research and opt for the best short term health insurance plan you can get. Remember that coverage and price should be the 2 main factors of making a decision in this matter.

There are many situations when people need health insurance for a limited time. If you are in this situation you should know that there are options for you besides getting a traditional health insurance plan. You can opt for short term health insurance.
Unfortunately, many times things happen when you least expect them and therefore you should always be prepared for the worst. You do not want to leave yourself uninsured, not even for 3 months. There are some advantages of this type of health insurance too. For example, the rates are lower in order for everybody to afford them. Another good aspect is that you will have continuity in your health insurance.
If you are not over 65 and are in your best health condition you can qualify for this type of insurance. This is because this type of policy that is offered only to those who are not at high risk of having health problems in the near future.
One big disadvantage of short term health insurance when compared to the traditional one is that you have some limitations when it comes to coverage payments. If you have an accident or an unexpected disease, you are not covered by the short term insurance.
You are the one who chooses the doctor and the hospital if you have a short term health insurance. Usually, this type of insurance will cover payments for laboratory exams, hospital rooms and other services. However, you will have to pay a part of these expenses. Medications that you need to take after you recover are not covered either.
There are a lot of limitations and strict rules regarding payment methods and application for short term health insurance. This is a known fact, but you should think about getting it as it is better than being uninsured. Your short term health insurance will pay some of the basic medical needs if you will be in that situation.
The money you can expect to get from a short term health insurance depends on the deductibles you choose. If you will choose high deductibles, you will receive less money as they will only begin paying your expenses from that amount up. This is why you should choose low deductibles especially at first.
However, low deductibles may increase drastically your premium so what you should do is a balance between high and low deductibles and then you should calculate which one of them suits you best.
You should know that there are some short term health insurance plans that require you to pay some of the expenses. The amount you will have to pay is stated in percents. You should be the one choosing such plan or not. In fact, you should do the research and opt for the best short term health insurance plan you can get. Remember that coverage and price should be the 2 main factors of making a decision in this matter.

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