Temporary Health Coverage -
Temporary health insurance, or short-term health insurance, is beneficial for people who may be between jobs, new college graduates, temporary employees, those waiting for their employer’s coverage to take effect, among other reasons. The short-term nature of their circumstance makes temporary health insurance coverage an ideal solution. Since individual health insurance plans can be costly, temporary health insurance provides healthcare coverage at a more affordable rate and can be financially appealing during this time. The decreased cost, however, is offset by a reduction in coverage. While the plan may not be as comprehensive as an individual insurance policy may be, it will provide adequate protection for a variety of situations. Temporary health insurance plans don’t typically involve networks, so you are free to see any physician that you wish, with a fairly low deductible. Temporary health insurance policies will also require you to get pre-certification for some medical services or procedures. Be certain to review all of this information so that you completely understand the policy. Pay careful attention to deductibles and when you will have to pay them.
In regards to eligibility - eep in mind that if you have a pre-existing condition, you may be denied a temporary health insurance policy. Since the cost of a short-term policy is relatively low, insurance companies have restrictions against any higher risk circumstances that would drive the cost up.
Remember it is vital to always include as much information as possible when discussing any health coverage needs with your health agent. Without completely understanding your needs your agent will not be able to advise you correctly as to what plan would work best for you.