Temporary Insurance Viable Alternative To COBRA Insurance
When one has recently been given the pink slip, COBRA insurance usually steps in to continue coverage. However, its price tag could be very steep, and a better alternative might be visit target=’_blank’ href=”http://www.eshorttermhealthinsurance.com/”>short term insurance. These days, this cost distinction becomes even more important.
COBRA insurance guarantees continuation of medical coverage for up to 18 months after a person loses his/her job. COBRA insurance, however, is more expensive than regular insurance, and the conditions for qualification are stringent. In this tough situation, short-term medical insurance can really help a family by providing much-needed medical coverage.
Short term medical insurance offers a load of benefits including physician visits in case of illness, hospitalization, and most medical care. That includes ambulance services, surgery, prescriptions, and diagnostic tests. Previously existing conditions, and anything considered routine care (teeth cleaning, eye check ups) are not covered under the plan.
Short-term medical insurance can be purchased for a month, to a year, in most cases. The policy can usually be renewed quite easily; however, some plans consider each renewed policy as a new one, applying pre-existing conditions and premium clauses accordingly.
It is, however, dangerous to consider visit target=’_blank’ href=”http://www.nriol.net/short-term-health-insurance/”>short term health insurance as adequate permanent coverage. Long term insurance offers many important benefits such as coverage for some pre-existing conditions, planned and routine healthcare, and pregnancy.
When applying for long term health insurance later, you might be asked about continuous coverage, and some short term insurance plans apply toward continuous coverage. It is also taken into account when determining pre-existing conditions. If you are signing up for an individual long term health plan, the temporary insurance may not count as continuous and creditable coverage.
You can easily purchase short term health insurance online. Since the plan is temporary, you are not usually subjected to lengthy underwriting procedures.
Short-term medical insurance works best for people who are looking for stop-gap insurance between jobs and if insurance is expected to be required for six months or less. It can provide a viable alternative to COBRA insurance in case of a person losing his/her job. In that uncertain situation, short-term health insurance can step up to the plate and deliver.
Dan Miller often writes about www.eshorttermhealthinsurance.com/”>short term insurance.
