There are many life events that can leave you without health insurance for a period of time. You might change jobs, start your own business, get laid off, or go through a divorce and will soon lose access to your soon-to-be-ex-spouse’s health insurance. In any of these situations, you may want to consider short-term health insurance to fill in any gaps in coverage, so you have access to medical care and avoid out-of-pocket costs—in a medical emergency, those costs can be prohibitive. Read more about short-term medical insurance and find out if this might be a good option for you.
Why you should consider buying short-term health insurance
While going without health insurance for a few months isn̵7;t a problem, it can be a financial disaster if something goes wrong. If you develop an illness or condition that requires hospitalization, surgery, or other medical intervention, you could face financial devastation. Medical care costs can range into the hundreds of thousands in just a few short months.
Benefits of short-term health insurance
Here are some benefits of buying short-term health insurance that you should consider:
- Short-term health insurance typically has short approval times, meaning your coverage will be almost immediate. However, if you need your cover to start at a later date, this can be arranged.
- Short-term health insurance is meant to bridge gaps in medical coverage and will protect your financial health if you experience a medical emergency.
- Short-term health insurance terms are generally flexible.
- Short-term health insurance is reasonably priced.
That said, while short-term health insurance can provide many benefits and can offer the coverage you need during more challenging times, it is not a replacement for ongoing health insurance and should only be used as a temporary solution. Consider the following before purchasing short-term insurance:
- How long do you need coverage?
- Are pre-existing conditions covered by the insurance?
- Is there a special registration period?
In addition, you should also consider what is covered by short-term health insurance. For example, most plans do not cover maternity care, mental health care, routine medical appointments, and preventive care.
These policies usually cover the following medical problems:
- Prescription medications
- Hospital admission
- Doctor’s visit
- Outpatient surgeries
- Emergency care and emergency visits/li>
When you understand all the medical care that is covered, it can guide your decision about which policy would work best for you.
If you need to fill the gaps in your medical coverage, you may want to look into your short-term health insurance options to ensure that even when a health emergency arises, you have access to the care you need without having to foot the entire bill. Our insurance agents will work with you to understand your needs and determine which policy is right for you. Contact one of our local insurance agents who can help you find the best short term health insurance, at the lowest prices, and all your other insurance needs.