What Is the Point of Short Term Health Insurance?

Health insurance helps pay for medical expenses that would otherwise be very expensive. This type of coverage is essential for Americans because health care costs are constantly increasing. Although, Americans are sometimes unable to enroll in the plans they need due to life constraints and badly timed enrollment periods. That’s why short-term health insurance exists; to provide people with a coverage option while they are in transitional periods. 

Here’s more information about what short-term health insurance is used for. 

What Is Short-Term Health Insurance?

Short-term health insurance is a supplemental health insurance option that provides limited coverage to plan members. These plans don’t cover the same ten essential health benefits as ACA-compliant plans. Instead, they only offer basic coverage for health care services that aren’t related to pre-existing conditions. 

If you want full coverage, you must find a major health insurance plan instead. 

Who Needs Short-Term Health Insurance?

Short-term health insurance is a flexible option that fits many situations. For example, if you’ve recently lost your job and therefore lost your health insurance, a short-term plan can be used to keep you partially covered in the meantime. Likewise, someone who is waiting for other coverage to begin can use a short-term plan to cover the gap. This applies to people who may not have private insurance during the months or years leading up to them becoming eligible for Medicare or another health insurance option. 

Is Short-Term Health Insurance Available For Families?

Spouses and dependents can be covered under a short-term health insurance plan. Though, because all short-term health plans are underwritten, all family members will be required to meet the medical requirements of the chosen plan. To find out more about the underwriting requirements, you may want to reach out to an insurance professional. 

What Does Short-Term Health Insurance Cover?

Short-term health insurance provides coverage for basic health events, like emergencies, and conditions that occur while you are covered. They do not cover pre-existing conditions, so you will need another form of insurance to get treatment for those. Pre-existing conditions are defined differently from state to state, although in most cases it applies to conditions that were diagnosed or treated within the last two to five years. 

Compare Short-Term Health Insurance Plans

Short-term health insurance plans have different coverage depending on which plan you choose. To get the most out of your short-term plan, work with an insurance specialist. While most plans don’t cover pre-existing conditions, we can help you find a plan that ensures that your needs are covered as best as possible. 

To get started with a free quote, give us a call at 888-989-0079.