Short-term medical insurance is best suited for individuals and families
that have a need for health insurance that does not extend
for more than six months after purchase.
|
|
||
|
|
||
|
|
||
|
Short-term medical insurance is best suited for individuals and families that have a need for health insurance that does not extend for more than six months after purchase. |
||
|
|
||
|
Short-Term Medical Plans |
|
|||||||
|
Short-term medical insurance is temporary health insurance for those individuals and families that have a need for health coverage for a specific period of time. If you are between jobs and you know exactly when your new group benefits will begin, short-term medical may be a good fit for you. If you are between jobs and have no idea how long you will be without health coverage, short-term medical might not be the right choice for you. Short-term medical insurance usually works best in a situation where the insured is very confident that he/she will need the coverage for 6 months or less.
It is very important to realize that if you purchase a 6-month short-term medical plan and you still haven't found a job after 6 months, you'll need to re-apply for a new plan. Should you become uninsurable during those 6 months or if you've had a significant claim history, you might not be approved for another 6-month plan. If you apply for a second 6-month plan and are denied coverage, you now have to answer yes to the question usually asked on health insurance application: have you ever been denied health insurance coverage?
It is very important to truly understand how short-term medical insurance works and it's also important to realize that the most important part of the decision making process is to know the length of time that the coverage will be required. You should not purchase short-term medical insurance strictly based on the cost. You might pay a little more monthly for an individual insurance plan but you won't have to worry about losing coverage after 6 months. Individual insurance plans continue for as long as you continue to pay your monthly premiums. You should always compare a short-term medical plan to an individual insurance policy.
Choice of Plans
Time Insurance by Assurant Health (formerly Fortis Health)
Assurant Health (formerly Fortis Health) is a recognized leader in the individual and short-term medical market. The Time Insurance Short-Term Medical Insurance Plan covers a wide range of medical services including physician services, prescriptions, X-ray, laboratory services, inpatient hospital stays, inpatient and outpatient hospital surgeries, skilled nursing facility care and rehabilitation up to a lifetime maximum of $2 million. You can choose coverage from 30 days to 185 days. Insured by Fortis Insurance Company.
Liberty Short-Term Medical Insurance by Chesapeake Life
The Liberty Short-Term Medical Insurance Plan allows you and your family to purchase high quality, affordable major medical coverage on an intermediate basis. The covered benefits include expenses for doctors services, surgery, out-patient, in-hospital care and prescription drugs. You can choose coverage from 30 days to 180 days with $1,000,000 Lifetime Maximum Per Insured Person. Child only coverage available. Insured by The Chesapeake Life Insurance Company.
Competitor Select Short-Term Medical by TIG Premier
The Competitor Select Short-Term Medical Insurance Plan allows you and your family to purchase short term medical coverage on an intermediate basis. The covered benefits include expenses for doctor services, surgery, out-patient, and in-hospital care. You can choose from 1 to 6 months (up to 12 months in certain states) with $2,000,000 Lifetime Maximum Per Certificate. Child only coverage available. Insured by TIG Premier Insurance Company.
Secure Short-Term Medical Insurance by Standard Security Life
The Secure Short-Term Medical Insurance Plan allows you and your family to purchase high quality, affordable major medical coverage on an intermediate basis. The covered benefits include expenses for doctors services, surgery, out-patient, in-hospital care and prescription drugs. You can choose coverage from 30 days to 6 or 12 months with $2,000,000 Lifetime Maximum Per Insured Person. Child only coverage available. Insured by Standard Security Life Insurance Company of New York.
Plan Features
Short-term medical is not available in New York, New Jersey or Massachusetts. States that do not allow the sale of short-term medical insurance plans usually have a guaranteed-issue individual plan that may be purchased. The ability to purchase a guaranteed-issue individual health insurance plan is a nice benefit to living in one of these states but the cost of the insurance is usually much higher than short-term medical insurance. |
Short-Term Medical Plan Product Choices
Health Insurance Product Choices
Product Information
|
|||||||
|
|
|
|||||||
Copyright 1991-2007 Continental Five Insurance Group, Inc. All Rights Reserved.
|
||||||||
