Short Term Health Insurance
Can I obtain short term health insurance?
Indeed, there are short-term individual health plans that you can purchase. In most cases, these provide individual health coverage for six months, although some plans will continue for a full year. Short term family health insurance plans are best used for times when you are in between normal coverage, such as during a period of unemployment or while you are waiting for your new employer health insurance to begin. These types of individual health plans are designed for someone who wants protection against accidents or severe illnesses. Most will not cover preventative treatments that will be part of traditional health insurance benefits, such as vaccinations or physicals. In addition, you should be careful about your selection, since some short-term health insurance plans will cause you to be ineligible for HIPPA plans. If you have a pre-existing medical condition, these conditions may not be covered under a short-term individual health plan. If you fall into this category, you should see if you can extend your current coverage until the new coverage starts again. The COBRA Act protects your rights to employer health insurance, even if you lose your job, though some restrictions and stipulations will apply.
Why should I obtain short-term health insurance?
There are some cases where you should look into a short-term individual health plan. If you are in between jobs, are on a strike, or have been laid off, you may benefit by getting short-term individual health coverage. Seasonal workers who only need insurance for a short period could benefit from short-term self employed insurance as well. In addition, recently graduated college students may be able to benefit from
If my short-term health insurance coverage expires, what will happen?
The goal of having short-term health insurance benefits is typically to help you bridge lapses in traditional private health insurance. However, if you have not found an individual health plan or small business health insurance plan by the time it expires, you may have the option to re-apply for another short-term insurance plan. In most cases, automatic renewal is unlikely, and some short-term private health insurance plans have a policy of only allowing you to renew once.
I only need short-term health insurance coverage for a few weeks. What should I do?
In some cases, you may only need individual health coverage for a week or two, instead of the full 30 days. If you still want to make sure that you have short-term health insurance benefits, you can accomplish this goal one of two ways. You could make a full 30 day payment upfront to the health insurance provider, or you could make your first month's payment and then cancel the plan once you no longer need the coverage. Most short term health plans require you to purchase a minimum of 30 days worth of coverage.