Short-Term Health Insurance Plans: Everything You Need to Know.
Who needs short-term health insurance plans?
Having an Humana Health Insurance 2020 offers you peace of mind and easy financing, giving you protection against huge medical expenses so get one here https://www.healthinsurance2020.org. If you need medical assistance, these companies will share the burden of the medical cost with you. It is almost a necessity now with the increasing cost of medical care and medication. However, there may be some cases in your life that you may be left without the coverage of health insurance. For instance:
- If you have just completed your education, your student health insurance that previously provided coverage may no longer be effective.
- If you are currently unemployed and looking for a job, you may be without medical coverage.
- If you have just resigned from your job that previously offered group health insurance, you will be left without one until you find another.
- If you are traveling to the United States for a short period of time as an employee or as an international student, you may want to cover it during your stay.
The great news is that there is a perfect solution for these cases that you are left without health insurance protection – short-term medical insurance.
How much time is short term?
Although most of these plans insures you for about one to six months, there are those that offer coverage for up to one year. The period basically depends on its stipulation. You can always renew your short-term health insurance plans if you need coverage for a longer period. However, most of them do not last more than a year.
Advantages of short-term plans
They do not require you to undergo physical exams
The application process is easier with less paperwork and effort than for general health insurance. However, some companies may charge a nominal fee for processing their registration.
Its coverage becomes effective from the moment the company receives its first prize, which can be 24 hours after the sending of the requirement to the insurance. They cover you for accidents and sudden illnesses. Many times you have permission to visit doctors and medical facilities of your choice.
Disadvantages of short-term plans
In general, they do not cover pre-existing health conditions (something that may have received treatment in the last 5 years). They also do not cover routine medical care, such as dental, optical and medical check-ups. They do not cover medical bills related to pregnancy and childbirth.
They do not guarantee the renewal. So, suppose you have taken a three-month plan and you have an accident in the third month. The company will cover its costs only for the third month. However, you may need ongoing medical attention during the 4th and 5th month. You are not covered by insurance during the 4th and 5th months and there is no guarantee that your current company will renew your policy. If you want to go elsewhere for a short-term insurance policy, they will also not cover your medical costs related to the accident, as it will be considered a pre-existing condition. People with pre-existing conditions may find it difficult to obtain short-term health insurance. If they get one, it would probably be more expensive.