It has become necessary for people to have health insurance because of the ever rising costs of health care. Health Insurance plans can be broadly categorized into permanent or temporary plans. The permanent health insurance plans provide for a person’s medical expenses for their entire life. On the other hand, temporary plans cover the medical expenses of people for a short time period.
Temporary health plans are also known as short term health insurance plans. They cover the medical expenses of people for a period ranging between one month and six months. These types of policies can be renewed for a period of 36 months after they expire i.e. the period for which they have been purchased gets over.
Generally all short term health insurance plans pay for all types of medical expenses barring the bills for pre existing medical conditions. All short term health plans have their own exclusions and limitations making it important for people buying these plans to read the policy documents carefully to know what expenses are covered by the plan.
Short term health insurance plans prove to be beneficial for people who are changing jobs or who are employed as part time workers. Retired people, military personnel and college students can also go in for such types of plans. People who are waiting for a permanent health insurance policy can also avail the benefits of this type of a plan.
For people who have taken a short term plan it is important that they obtain a certification from a doctor or a hospital before they can get treated for any type of health problem. This however does not apply for emergency situations.
Short term health insurance plans are not as expensive as other health insurance plans. Generally the amount of premium that has to be paid is nominal and is determined by many factors.
One of the main advantages of a short term health insurance plan is that the process of application is very simple and a person applying for such a plan gets the policy within a few days. The main reason is that these plans do not cover comprehensive health insurance but only provide for against unforeseen events.
A disadvantage of this plan is that after a specific period of time, the policy cannot be renewed. In addition, this plan does not cover expenses for any dental or vision related treatment. Are you looking for affordable Life Insurance?
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