There are many life events that could leave you without health insurance for a period of time. You may be changing jobs, starting your own business, were laid off, or are going through a divorce and will soon lose access to your soon-to-be former spouse’s medical insurance. In any of these situations, you might want to consider short-term medical insurance to fill in any gaps in coverage, so you have access to medical care, and avoid out of pocket costs – in a medical emergency, these costs can be excessive. Learn more about short-term health insurance and find out if this could be a good option for you.
Why You Should Consider Purchasing Short-Term Health Insurance
Although going without health insurance for a few months may not be a concern, it could be a financial disaster should something go wrong. If you develop an illness or condition that requires hospitalization, surgery, or other medical intervention, you could face financial devastation. The costs associated with medical care can range into the hundreds of thousands in just a few short months.Benefits of Short-Term Health Insurance
Here are some benefits to purchasing short-term health insurance, which you should consider:- Short-term health insurance typically has short approval times, which means your coverage will be almost instant. If you need your coverage to start at a later date, however, that can be arranged.
- Short-term health insurance is meant to bridge gaps in medical coverage and will protect your financial health if you experience a medical emergency.
- Short-term health insurance terms are generally flexible.
- Short-term health insurance is reasonably affordable.
- How long will you need coverage?
- Are pre-existing conditions covered by the policy?
- Is there a special enrollment period?
- Prescription drugs
- Hospitalization
- Doctor visits
- Outpatient surgeries
- Urgent care and emergency room visits/li>
