When to Shop for Short Term Health Insurance

Health Insurance

No one wants to ever be without health insurance. The coverage and peace of mind it provides is priceless. Knowing you have protected yourself and your family allows one to sleep better at night. Ideally, it would be nice to have insurance that always covers a lengthy period of time. However, there are certain circumstances people face when they need to look for a short-term solution.

Particular situations where one may look at a one-year plan or less include an unexpected job loss or lay-off. Unfortunately there are instances when we are blindsided by unexpected news. When a person abruptly loses their job it can be a huge jolt, emotionally and financially. It is very important to remain covered between jobs. Short-term coverage can be very useful in such a case.

Other instances where short-term coverage may be a wise option are those who are waiting to receive coverage by Medicaid. Coverage during this time can help fill in this important gap. Also, those who are unable to receive a major medical policy or those who need quick proof of insurance may benefit.

These types of plans not only give you needed protection but also may offer other advantages. Compared to some long-term plans, short-term coverage can have a low-cost premium. Short-term plans can also be very flexible, providing coverage from a period of as little as 30 days to up to 3 months.

It is imperative to remember that a short-term health insurance plan is not a long-term solution. In most cases you will no longer get any benefits when the plan ends. When a plan expires, you will need to apply again to receive additional coverage. Also keep in mind that insurance carriers and states limit the number of times you can renew a policy. Make sure to read the fine print and terms for the maximum coverage period allowed for the plan you are considering.

If you are seeking to find the right plan for you and your family, contact Fast Health Insurance. Their agents realize factors in your life sometimes change very quickly. There are instances when short term health coverage may be your best option. Fast Health Insurance keeps up with the latest coverage plans and can help advise you on the most optimal choice. Relax and know Fast Health is taking care of all your needs. Give them a call today at 630-688-2452 or visit their website for more information.


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