It’s not all the time that people have health insurance coverage. Sometimes, a person’s situation could cause him to live without health protection although only for a short period of time. Employment issues such as being laid off from work and financial difficulty are common reasons for an individual’s lack of health coverage.
There’s still a solution for this, though. At this point, it would be a good idea to secure a temporary or short term health insurance. By temporary, it means the policy is good for only a specific time frame. And it is often used to protect the person while he or she is still looking for a job regardless whether the individual was previously laid off or is a new college graduate.
People need to be insured at all times if possible because you never know what will happen in your daily life. But if you have health coverage, you will save money from hospital and other medical-related costs even for minor injuries.
It should be understood that a temporary insurance does not provide comprehensive coverage similar to the regular plan. It does not cover dental, physical and vision checkups. Normally, this type of insurance provides protection for a minimum of one month to a maximum of six months.
There are many cheap temporary health insurance plans today. But be prepared to pay more in case you get into an accident or suffer from injury. In the event something wrong happens to you, you will have to pay a percentage of the bill if you purchased the cheapest plan.
Your monthly premium normally depends on the deductible you choose. If you prefer a lower deductible, you will have to pay a higher monthly rate. Other factors taken into consideration when computing your rate are the amount of the co-payment as well as the percentage paid after the deductible.
Numerous resources are available to consumers today looking for affordable and temporary health insurance. On the internet alone, there are many websites offering this type of health coverage. What matters is you take the time to research on reputable providers, the types of insurance and payment options they offer and ask for free quotes on your preferred plan. Remember that comparison shopping will help you make a guided decision so don’t rush into buying what you immediately see is a very cheap plan.
If you’ve decided on a particular plan, you have two purchase options. First is to pay it in full or pay it on a monthly basis. The first lump sum option will allow you to pay a lower amount but if this is not possible, you can always choose to pay every month instead.
About the guest author:
Margeaux used to be a grant writer for an insurance firm. She has used a number of short term health insurance in the past while in the process of changing careers.
Originally posted on October 5, 2012 @ 7:00 am