Health Insurance Plans
If you are thinking about whether short term health insurance plans might be the right way for you to proceed, then you should know about the pros and cons of these plans and how they function. We will fill you in on all the facts so that you can make a smart decision and get the coverage you need at a price that fits your budget.
The Pros of Short Term Health Insurance
With a short term plan, you can choose how long you want it to last for. This isn’t the case with major medical plans, which are usually restricted to a full year. For short term plans, you can choose a length between 30 days and 364 days. You can cancel your plan at any time and even renew your plan after the term is over. You might have to pay a new, higher rate for your plan at that point, but you can renew your short term coverage plan for up to 36 months, giving you extensive coverage limits that help you stay protected for as long as you need, in many cases.
With a short term plan, you get to choose how much coverage you want to have. You can choose from coverage for hospitalization, unexpected medical problems, emergency care, preventative care services, dental care, urgent care and routine checkups. This is just a sampling of what is available, and most people have no problem finding the kind of coverage they want to meet their needs.
Another good reason to sign up for a short term plan is that it can be very affordable. This kind of health insurance can cost far less than Obamacare or Medicare, giving you the coverage you need without costing you a lot of money. There will be a deductible to pay, and sometimes copays or coinsurance, as well as other related fees, on some occasions, but the overall cost of the short term plan tends to be much lower than that of competing health insurance options. You can use our site and see how much the plans cost and how much money you could save by choosing this option. Even when the prices change on short term plans, our site will have accurate and up-to-date pricing information that you can use to make your informed decision.
Another reason to choose this kind of coverage plan is because of how open the eligibility is. Anyone can sign up for a short term health insurance plan, and they can sign up at any time as well. These flexible plans are so easy to enroll in, with coverage often being applied to the customer as quickly as the very next day. If you are short on coverage and do not expect to get a major medical plan to cover you due to the eligibility requirements or the enrollment period, then you should consider a short term plan as an alternative. You can get coverage almost immediately and be protected against unexpected medical costs until you can qualify for a bigger and more protective plan.
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The Cons of Short Term Health Insurance
Short term plans may give you some options as to how long they can be valid for, but those limits will be restricted further by the states and the insurance companies. In some states, short term plans are not renewable, and in others they cannot even be sold. Some states limit the length of short term plans to just six months. So, be aware of any restrictions that could apply to your insurance plan.
Limited coverage is a problem for some short term plan owners. They may not be covered for all the essential medical expenses that they would have been covered for if they had signed up for an Obamacare plan or some other ACA-approved plan. Also, preexisting medical conditions will not be covered by the short term plan. You generally cannot enroll in any short term health insurance plans that would be covering any preexisting medical condition you have, so please be aware of that and choose your insurance plan carefully. Otherwise, you could find yourself not being covered for what you expect to be covered and paying for coverage that isn’t actually doing you any good.
Who to Buy Your Short-Term Plan From
Short term plans are sold by many insurers, and we want to tell you about a few of the top ones. You can use our site to compare these and other seniors and to find the best deal on pricing. Keep in mind that the reputation of the insurance company, the perks they offer and the lineup of plans all determine if an insurer is a good choice for you or not. Just because an insurance company offers a cheap health insurance plan, that does not mean they are the best and most cost-effective choice for you.
Pivot- This newer health induce provider has a superb selection plan and some of the lowest prices in the business. Their reputation is very good as well, so we can easily recommend them as one of the top choices for short term health insurance providers.
National General- This longstanding insurer offers some great perks for its members and has excellent stability as a company. What that means to you is that their rates are not likely to change drastically or unexpectedly, so you can count on steady, affordable pricing for a long time to come with them.
United Healthcare- This insurer has the largest network in the country, which allows you to enjoy special discounts and full coverage at more locations than other insurers can provide. Their massive size means stable pricing and great customer perks too, so you will definitely want to compare them to some of your other options and consider them as a potential insurer.
Is This Kind of Coverage Right for You?
The question that every person should ask themselves before they enroll in a medical insurance plan is if it might be the right one for them. Short term plans are good choices because of their low cost and their open eligibility. If you are having trouble qualifying for a different kind of medical insurance plan or you are tight on funds, then this may be the right way to go for you. Consider a short term plan as a temporary solution, since it is great for filling in your coverage gaps for a short while.
Once you qualify for a major medical plan, you might want to switch over to that, but until then, short term plans can offer reliable, precise coverage that leaves you well taken care of and that gives you incredible peace of mind.
If you have questions about health insurance plans, then please let us know. Our team of health insurance experts is ready to help you make the right choice. We can provide you with quotes at no cost to you and ensure that you get to make an informed choice about health insurance for your future. Use our site to get some quotes and see if you can afford short term coverage. It may surprise you just how affordable it can be.