What is Short Term Health Insurance? You might’ve seen or heard of it at least once, and wondered ‘what is the short term health insurance definition?’ Short-term health insurance, also known as “Term Insurance”, refers to a health insurance plan with a limited time period, usually from a few months to a year. Short-term coverage is usually less costly than traditional longer-term coverage, however, they do not cover pre-existing conditions. Premiums on short-term protection are a fraction of the cost in comparison to major medical insurance premiums. However, for people who acquire a longer-term illness, this may be an issue as coverage for the acquired illness will terminate at the conclusion of the plan period. However, for the majority of people without pre-existing conditions, a short-term plan may be the best solution.
What does short term health insurance cover?– Short-term health insurance benefits essentially include hospital care, doctor visits, x-ray services, and treatments in case of an accident or illness. While some plans do not provide drug coverage, some newer ones do offer prescription coverage for generic drugs not tied to pre-existing conditions. Short-term health insurance is a great option for those who can benefit from it, however, it is not intended for everyone. Short-term protection is aimed to benefit people who need to bridge the gap between longer-term protection with temporary coverage. Term insurance is intended to be a cheaper option for those who don’t have certain serious health conditions or require complex medical attention.
What is the time frame for short-term coverage? Short-term coverage can be applied for all year round, benefiting those who may have missed the Open Enrollment period deadline as is in the case of Obamacare. Policies typically last from a few months up to a year, with the option to renew for up to 36 months. If you still require health insurance for short term coverage after reaching the end of a policy, you can simply apply and enroll in a new one (check with your state’s laws).
eTermHealth.com aims to help those trying to understand what short term health insurance is used for, and those looking for coverage to get insured as quickly as possible. Affiliates of eTermHealth.com provide quotes for cheap short-term protection to get you the coverage you need quickly. Ultimately, if you need a plan, eTermHealh.com wants your coverage to commence with as little difficulty and within as little time as possible.