As unemployment rates rise and companies continue to struggle to meet revenue forecasts, more and more people are feeling less secure about the status of the jobs. For some people, that means moving on to a job they feel offers a more stable future, and for others that can mean eventual unemployment. If you find yourself in either of these groups, you may find unemployed health insurance to be a valuable option.
Short term health insurance is a simple yet wonderful concept. Rather than going uninsured when you are released from a job or leave you current company for a new one which doesn’t immediately offer coverage to new hires, you can buy a temporary coverage plan that can save you hundreds or even thousands in medical expenses.
How much can you save? Well, without insurance, even a basic doctor’s visit could cost you a couple of hundred dollars, and that’s before you get a prescription to treat your illness. Serious injuries or medical crises can cost thousands. Not many people have a lot of disposable income to spend on health care these days, and if you don’t have a job then you have even less extra money. But by paying a minimal premium payment each month, you’ll be protected with short term medical insurance.
Temporary insurance plans truly are affordable options that keep your budget in mind. For instance, you have the ability to control your own deductible and co-insurance rates, meaning you can set higher deductibles and co-pays to keep your own upfront costs at a minimum. This way you’re really only paying more if you actually use the coverage. And even in that instance you’ll still pay less than you would uninsured.
Another way short term health insurance puts the power of choice in your hands is in its ability to customize the term of coverage to your needs. Are you on a 90 day probationary period at a new job? Are you looking for a new job and finding your search is taking longer than you’d hoped? No problem, as plans can be bought anywhere from 30 days to 360 days. Choose the amount of coverage you need rather than buy too much coverage and waste your money.
Worried that a temporary plan will have major restrictions on where you can get health care from? Short term health insurance plans actually let you choose the doctors and hospitals you’re most comfortable with, rather than limiting you to a predefined provider.
And with next day plan approval, short term insurance plans save you the frustration of wondering whether you and your family will be able to get the insurance coverage you need. You’ll know right away whether you’ve been accepted, leaving you to focus on your family.
While you focus on getting settled into your new job or finding another one, short term insurance will take away the worry of how your family will get affordable healthcare. With affordable prices, flexible terms, and the ability to choose providers you’re comfortable with, this type of temporary insurance offers a valuable service.
Dan Miller often writes about short term insurance.
categories: insurance,health,finance,family
Tags: family, finance, health, insurance, medical insurance