Short Term Medical Insurance: Is It Suitable?
Short-term medical insurance is an affordable option to a regular health insurance plan. If you are fairly young, and in good physical condition, you may want to consider getting short-term health insurance as opposed to a more extensive health insurance plan.
With many short-term health insurance plans, the monthly premium you owe to the company is quite low compared to the hundreds you would pay with a standard plan. Short-term health insurance plans don't cover the extended benefits that typical plans often provide.
Full fees for all non-emergency doctor's visits and optional surgical procedures must be paid, instead of having visits fully or partially covered by your health care network. Short-term health insurance does not cover prescription drugs and ob-gyn visits.
Though you may be eligible for coverage from other sources, short term health insurance does not pay for maternity and delivery costs. Once you have met your deductible, your short-term health insurance provider will compensate you up to a certain amount if you have a serious medical emergency.
Typically, the lower the deductible, the higher your monthly premium will be. There is usually a limit on most short-term health insurance plans of a year or less. After the year period, you can still get coverage from another provider. If you want to explore your options just use the Internet for a full list of options. Short-term health insurance is not an option for many people.
Medical problems that require expensive prescription drugs wouldn't be covered by short term medical insurance so you would be better with a standard health care provider that will assist with these expenses. If you don't have health insurance through a job and want a cost-effective alternative that covers you in the event of an emergency, short-term health insurance may be the best choice.
The request procedure is uncomplicated and policies can be offered within 24 hours. Credit cards are accepted by most companies. The most essential thing to consider is that a short-term plan won't cover pre-existing conditions.
These are typically defined as any condition you had during the 36-month period prior to the start of coverage. The "look-back" time at these conditions varies state to state. The insurance department in your area can inform you as to what laws pertain. All short-term policies have very specific limitations and exclusions, so read the policy carefully before you buy.
With many short-term health insurance plans, the monthly premium you owe to the company is quite low compared to the hundreds you would pay with a standard plan. Short-term health insurance plans don't cover the extended benefits that typical plans often provide.
Full fees for all non-emergency doctor's visits and optional surgical procedures must be paid, instead of having visits fully or partially covered by your health care network. Short-term health insurance does not cover prescription drugs and ob-gyn visits.
Though you may be eligible for coverage from other sources, short term health insurance does not pay for maternity and delivery costs. Once you have met your deductible, your short-term health insurance provider will compensate you up to a certain amount if you have a serious medical emergency.
Typically, the lower the deductible, the higher your monthly premium will be. There is usually a limit on most short-term health insurance plans of a year or less. After the year period, you can still get coverage from another provider. If you want to explore your options just use the Internet for a full list of options. Short-term health insurance is not an option for many people.
Medical problems that require expensive prescription drugs wouldn't be covered by short term medical insurance so you would be better with a standard health care provider that will assist with these expenses. If you don't have health insurance through a job and want a cost-effective alternative that covers you in the event of an emergency, short-term health insurance may be the best choice.
The request procedure is uncomplicated and policies can be offered within 24 hours. Credit cards are accepted by most companies. The most essential thing to consider is that a short-term plan won't cover pre-existing conditions.
These are typically defined as any condition you had during the 36-month period prior to the start of coverage. The "look-back" time at these conditions varies state to state. The insurance department in your area can inform you as to what laws pertain. All short-term policies have very specific limitations and exclusions, so read the policy carefully before you buy.
About the Author:
For more tips go to Arizona Health Insurance and Arkansas Health Insurance. Chimezirim Odimba is a financial expert.
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