Short Term Health Insurance
Introduction
Short-term medical insurance — also known as STM, short-term health insurance, or temporary insurance — is a health insurance plan that you can purchase for as little as 30 days or up to 364 days (depending on your state) to fill gaps in insurance coverage.
Short term health insurance has been becoming more trendy lately for several reasons like:
– Can not afford Obamacare but need to have health insurance for an emergency
-Completely healthy and can afford to have health insurance with limited benefits
-Changing insurances soon and needs coverage until the new insurance kicks in
Pros:
1. Designed to fill short-term gaps in coverage should you need it
2. You can cancel coverage whenever you’d like without penalties
3. You can typically choose a plan that covers you up to a year, if you needed it
4. Many different plan designs are available, depending on insurance carrier
Cons:
1. Significantly higher deductibles than traditional health plans with other possible unforeseen costs
2. No coverage for pre-existing conditions and limited coverage for most services
3. A medical questionnaire may be required to be approved for coverage
4. Coverage is not mandated or standard, so plans vary greatly in covered services and costs with very little government oversight
Looking to buy short term insurance? Click here to go our personalized site for short term insurance. Confused or want more information, click here to get in touch with our expert agent who will be more than happy to assist you, answer any questions you may have.
Short Term Insurance Company we worked with
