Now that employers have to provide medical insurance or else pay a fee, many job seekers out there are looking for opportunities with companies that have great insurance. One of the problems of being in between jobs is that you lose benefits, and if you go through any type of illness, you may have to pay out-of-pocket for medical care. If you want to get coverage for right now, short-term health insurance policies offer a few different benefits that make it easy to transition into a new job while not being committed to another health insurance plan not offered by your employer.
Who Should Get Short-Term Health Insurance
In short, anyone who is in between health insurance plans can benefit from a shot-term health insurance policy. This is coverage that you purchase for just a small amount of time that allows you to transition into a longer policy. Those who are just graduating college, going out of the country, in between jobs or just need to fill a gap can benefit greatly from short-term health insurance.
Getting into a short-term health insurance policy ensures that you have coverage when you no longer have insurance from a parent’s plan or through your college’s healthcare system. Many students don’t get health insurance until it’s too late because they are used to having health insurance for free. However, short-term health policies are often quite easy to manage and budget because they are less than a $100 per month.
When you pick a short-term health insurance plan for traveling abroad, it’s best to pick a company that offers it as a package for those who are traveling out of the United States. You definitely don’t want to deal with a coverage issue because your policy doesn’t cover you after your scooter wreck in Greece. There are a number of health coverage plans that will last only four weeks for those who are traveling longer outside of the US.
For Job Seekers
When you lose a job, it can wreak havoc on your health anyway. You still need health insurance to ensure that you are able to work in the future. Short-term policies help with this because they are low cost and still provide you with with medical coverage that you can transition into a longer plan when you get a job or when you want to go to an employer’s health insurance policy. You never know how losing a job may affect you, so it’s important to look for plans that offer protection for accidents and illnesses while also keeping under the $100 budget.
Short Term Plan Questions? 1-800-712-4366
How to Get Short-Term Health Insurance
Most insurance companies offer what’s known as temporary insurance or short-term health insurance. It may also be called traveler’s health insurance. Some facts about these plans include:
- Lasts only a few weeks or can last up to 12 months
- Low cost
- Fast approval
- No coverage for pre-existing conditions in most cases
To get this type of insurance, you have to contact private health insurance companies. Many of the top health insurance companies advertise short term healthcare plans on their site as temporary healthcare.
It’s most important to disclose your conditions and health state accurately when you apply for temporary health insurance. Many companies will approve coverage if you don’t, but then you may be denied a claim if you receive medical attention for a pre-existing condition. In general, you should look for low cost short term plans only if you have a gap of insurance or don’t have any insurance and need to visit the hospital.
Many individuals who are waiting for employer group coverage are using short-term health insurance to bridge the gap and protect themselves in case of sickness. When you are buying short-term healthcare for a specific amount of time, you have to be careful when you sign up to specify how long you want coverage for. Otherwise, you may not be able to get out of your plan so easily if it lasts longer.
Avoiding Fees for Obamacare
One of the best ways to avoid fees for not having insurance is to get a short-term health insurance policy. There is a short coverage gap exemption, you can go up to three months without having health insurance and not have to pay the penalty for having no insurance. If you find yourself in between insurance plans, you simply sign up for a short-term health insurance plan and get up to three months of coverage in a row before going back to a minimum essential coverage plan. If you have costs that are covered in your short-term but not in your major medical plan, you could always keep your temporary health insurance so long as your company will renew it for you.
Who Should Avoid Short-Term Health Insurance
In some cases, you don’t want to get temporary health insurance even if it is cheaper. For example, if you qualify for HIPPA, you won’t be eligible for HIPPA if you already have a short term health insurance plan. Additionally, you also can’t buy short-term plans through the health insurance marketplace online at the government website. You have to find these plans privately through different companies, which means they may have various different services and prices.
If you require any kind of cost assistance with your healthcare, temporary health insurance is also not for you. These plans do cost up to $100 each month and provide lots of benefits, but they won’t allow you to receive any help from Medicare or government health insurance policies.
If you have been thinking of short-term health insurance, it’s best to look at all of the options online that you can and make a decision based on the cost and services that are offered as part of the plan. Many companies offer flexible short-term plans that can even build into a longer plan as you need.