Short Term Health Insurance

Health insurance is designed to protect policyholders from paying too much money to cover the cost of their medical expenses. Before choosing any health insurance plan, customers must decide upon the type of policy that will best suit their needs. Short-term health insurance is exclusively designed to provide health care coverage for people who fill a brief gap in their standard health coverage. These policies are usually available for terms of one to twelve months, though six-month term is the most popular choice. Short-term health insurance policies offer the same benefits to the policyholders as the standard ones. However, there might be some key differences among short-term and standard policies.
Short-term health insurance policies are usually non-renewable, which is why, in order to extend the coverage, policyholders have to re-apply for a policy. It is not recommended to use short-term policies as a substitute for standard policies, as they are appropriate only for people who are in transition between two policies. These policies are ideal for people who are in middle of switching jobs, on strike, recently graduated, or simply waiting on a new health plan to take effect. In all of these scenarios, short-term health insurance policies can provide individuals and their families with essential financial security from unexpected expenses.
Short-term health insurance policies are indemnity plans, which means preventative and routine health check-ups are not covered under the policy. Additionally, many short-term health insurance policies do not cover dental or optical care as well. Health insurance companies providing these short-term policies stringently deny coverage for pre-existing conditions. Typically, short-term policies can be designed to cover emergency care, prescription drugs, intensive care, lab and x-ray, ambulance, and some home and hospital care, which will vary from policy to policy.
Most of the short-term policies have the option of adapting them to extend coverage to the spouse and dependents of the policyholder. A short-term health insurance is considered good when it carries a reasonable pay out along with providing an appropriate upper limit to out-of-pockets expenses.