Short Term Health Insurance
Often customers will ask about short-term policies to bridge the gap between Medicare enrollment. Short-term health insurance covers basic health care costs for short periods are intended to be a stop-gap measure between two long-term health insurance plans. In many cases, these plans are significantly cheaper than other health insurance plans, and you can enroll at any time during the year, not just during open enrollment.
Short-term health insurance may be the perfect solution if you have a gap between health insurance policies, such as when you are changing jobs or waiting for Medicare.
That's where short-term health insurance comes in. Short-term health insurance can provide a low cost, short-term option to help you fill in the gaps you have health insurance coverage and can help you avoid having to pay for medical bills with no health insurance.
How Much Will Short Term Health Insurance Cost?
Short-term health insurance can be very inexpensive, with monthly rates as low as $25 a month. However, keep in mind that all the plans all operate with a high deductible that must be met before insurance begins to pay medical costs.
How Long Will Coverage Last?
Short-term health insurance policies have a time limit on how long they will provide coverage. Under the Obama administration, you could only be covered for up to 90 days. However, these rules were recently relaxed and now you can secure short-term health insurance for up to a year.
When Should I Get Short Term Health Insurance?
You may consider using a short-term health insurance policy if you don't have a preexisting condition and are simply waiting for your Medicare insurance policy to kick in.