Why it Makes Sense to Buy a Short-term Health Insurance Plan?

A short-term health insurance plan is the right pick to cover hospitalization cost, doctor’s appointment fee, and other expenses when you don’t have a traditional health cover. The plan is designed to provide a considerable return for a shorter tenure that could be a few months to a year. Though a short-term health insurance plan might not cover a vast number of areas like the long-term plan, it has its share of benefits. If you are not sure if it makes sense to get in touch with a short-term health insurance Garden Grove company or a one in your area, we give you four reasons to do so in the post.

3 Reasons to Buy Short Term Health Insuranc

Protecting Your Finances from Unexpected Medical Expenses We know that many find it tempting to skip buying health insurance and save more, especially when there’s a financial crunch. It is, however, difficult to interpret when life will throw you a curveball, and you find yourself in struggling to pay the hospital bill. Short term insurance comes with many benefits and provides cover for emergency room visits, inpatient and outpatient hospital care, surgical services, intensive care, and more medical emergencies.

Instant Coverag When you need immediate medical cover, Obamacare won’t help. Short-term health insurance doesn’t have open enrollment periods, and you can buy a policy any time of the day by applying online. The coverage starts the next day after you pay the premium and get enrolled.

Select your Preferred Healthcare Provide As most providers of health insurance Fullerton and in other areas give equal importance to short-term insurance, you can choose your preferred doctors and hospitals. Some of the short-term plan providers also provide discounted service if you utilize their in-network care.

Who Needs a Short-term Health Insurance Plan??Joined the Gig economy? Short-term medical insurance can be availed within 24 hours, and it can cost you half the amount of traditional health insurance.?Many employers have a waiting period of 90 days before the employee can avail health insurance benefit. Short-term medical insurance could be perfect for the time being.

• Insurance certificate for ACA plan in one state is not valid if you move to another state. Enrolling in a new plan would take time, and short-term medical insurance can provide you with cover for these days.
• If you are retiring early, you will not be eligible for Medicare. Moreover, if the household income is high, you may not qualify for ACA subsidy. This is where short-term medical insurance will come into the picture.

Final Words When buying short-term health insurance, you will get an option to choose a plan for as few as 30 days to 3 months or even for a longer duration. This is helpful, especially when you are waiting for the employer waiting period to get over. Analyze your needs and discuss all the inclusions and exclusions in the policy with your insurance policy provider before shortlisting a plan.

Ranjeet Rai provides full-service agency since 1982 and he has great experience in all lines of business including home, commercial, health, liability and so on.