Private Health Insurance 2020
There are lots of ways to save money on healthcare through medical insurance, and private health insurance 2020 plans that offer short term coverage are one of the better ways to do that. These are very focused plans that come with limited coverage, and they are sold by private insurance carriers all across the United States.
The Limits of Private Short Term Plans
When we talk about short term coverage plans, we are talking about a very specific set of plans that differs from the standard long term plans that the majority of people sign up for. The short term healthcare plans are made to only last for a few months, in most cases. You can get a plan of this type that only lasts for a single month, if you want. You can also find ones that last for up to 364 days. You are able to renew your plans if you find you can benefit from the same type of coverage further. There is no enrollment period for these plans, so you can basically sign up whenever you want.
There are limits for coverage as well with short term private plans. These are plans that are only designed to cover a few medical expenses. They may cover you for any of the following healthcare costs:
Emergency Care– This could include ambulance transport, ambulatory treatment, emergency room supplies, emergency room treatment and more.
Preventative Care- This includes services like diagnosis, testing and consultations and may also include medications.
Hospital Supplies– The kinds of supplies and limits on coverage vary by plan, but you may be covered for supplies like the blood that’s used during surgery or during a transfusion. You can also be covered for IV bags, needles, hospital bedding and various other items used during a hospital stay, surgery or doctor visit.
Checkups– This could include coverage for general wellness visits, as well as visits to your dentist, optometrist or other specialist. Usually, a short term private plan will only cover one kind of checkup.
These are just a few of the medical expenses that could be covered by your plan, and just about any kind of healthcare costs you can experience could be covered, if you choose the right plan. Just know that they will only offer limited coverage and will not be able to function as a long term plan with extensive coverage. Short term private plans are not required to cover essential medical services, nor do they have to cover pre existing medical conditions, so make sure you know exactly what is being covered and what will be left for you to pay.
The Plan Carriers to Know about
Numerous insurance carriers will sell these plans across the country, and we can’t possibly cover them all, but you should be aware of the few of the more notable ones.
United Healthcare (NYSE: UNH)- If you choose United Healthcare as your provider, then you can enjoy one of the most extensive networks for coverage in the nation. You can also enjoy access to AARP and their bevy of services and plans.
Pivot Health (NYSE: PVOT)- One of the smaller, newer insurance carriers for short term private health insurance 2020 plans is Pivot. They are specializing in affordable care and affordable plans, so you may want to look at what they have to offer, if you are budget minded with your coverage.
National General Accident & Health (NYSE: NGHC)- We recommend this carrier to anyone who likes their insurance provider to be and strong and unlikely to change prices drastically. National General has one of the largest lineups of plans available, so they should have exactly what you are looking for.
These are just a few of your options, and you should use our site to compare their plans and, most importantly, their prices. We can source quotes from these and other carriers to help you find out who has the best deal. We make it so simple to compare plans and rates and save money on your medical insurance.
The Cost of Private Health Insurance
The rates for these plans are changing every so often, and you need to be aware of what the current prices are before you make your decision. A particular plan may look good to you until you compare it to some other options, or the plan you signed up for may not seem quite so appealing once you see how other carriers have lowered their prices. Our site offers you a quick and simple way to check the rates and see how they stack up.
You will need to pay a monthly premium on any short term private plan that you sign up for. These are not government plans, so the pricing and coverage is not set by the government. The plans also don’t have to adhere to the strict standards of the Affordable Care Act, so be careful about what you assume of private plans.
You will also be responsible for other medical bills that your plan is not covering. You can partner short term private plans with larger, long term plans, in many cases. They are compatible with many of the longer term plans, but make sure there is no overlap before you sign up for a new plan.
Many people of all ages will use short term private plans to fill in gaps in their coverage and to help them cover their essential medical expenses at transitional times in their life. When you are between jobs or between coverage plans, then you may want a smaller, shorter term plan to step in and take care of some expenses for you.
If you are interested in private health insurance for 2020, then give us a call to get some personal advice or use our site to compare the plans and learn more about them. We will be happy to help you make an informed decision and choose the coverage plan that works best for you.
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