Short term medical insurance plans help bridge the gap right when you need it the most. In today’s post, the experts at Insurance shops explain the ins and outs of short term medical insurance, who might need it and what the benefits are.
How Does Short Term Medical Insurance Work?
Short term medical insurance plans can span a time period from 30 days up to 360 days. Policyholders can choose the length of a plan to suit their needs, and coverage can start the day after enrollment. Those with short term health insurance may also keep their own doctors. Short term plans are available year-round, which means you don’t need to wait for open enrollment to apply.
Who Can Benefit From Short Term Medical Insurance?
Short term plans help cover the gaps between long-term health insurance policies. They can act as a safety net in the event of sudden illnesses or accidents. This makes it an excellent choice in the following situations:
- You are between jobs.
- You are waiting for employer benefits to kick in.
- You rely on temporary or seasonal employment.
- You are waiting for the next enrollment period to open.
- You don’t need coverage for any current health conditions and need to save money.
It’s important to note that short term medical plans have limitations and exclusions. They DO NOT cover preventative services or pre-existing conditions, and they do not meet Minimum Essential Coverage requirements.
The Advantages of Working with Insurance Shops
When you work through Insurance Shops, you can save 20 percent when you make a one-time, up front payment for a short term medical insurance plan, or you can pay month to month for maximum flexibility.
Our services come at no cost to you! Our qualified insurance agents will run quotes for short term medical insurance plans through the insurance companies in your area and recommend policies that meet your needs and your budget. Insurance Shops has over 25 years of experience as a trusted resource for all your insurance needs. Fill out our contact form or call (215) 613-4999 for a free quote and get started!
