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The Long and Short on Short Term Health Insurance
Usually you will receive many the same benefits as you would with a regular health plan, the outline is very similar. It is just the time you have on the plan that is different and what type of procedures are most likely to come up that are mostly covered. You will have the same limitations, freedoms, co-pays, and deductibles as you would with any other private insurance. In most situations you can pick out your own providers such as doctors, hospitals and other medical professionals covered under your plan. You probably won’t need a physical and your coverage will most likely start immediately after receiving the first payment. You can also expect previously existing conditions to probably not be covered. This keeps the cost down and makes you look to more long-term policies for your needs. The point of this policy is to protect from those unexpected accidents, illnesses, and emergencies, not provide routine care that would only be done once in a year and can come out of pocket. The point of this plan is to be inexpensive and keep you from the big money pinches. Many short-term plans don’t offer some of the same benefits as regular plans, this helps reduce its cost. They are more concerned about what will be covered in the short-term basis then any normal routine things that might come up during that period that you can cover yourself. There is a good chance that you will not be covered for regular check ups, pregnancy and childbirth costs, dental, vision, or preventative exams. Your coverage will most be likely to include illness and emergency care which would cost you the most out of pocket. So you will definitely want to get a new plan through work or privately as soon as you find one that suits your needs and budget. Having a permanent health package is much more suitable and economical. Short-term plans are meant to bridge you through till you get a new plan that has long-term coverage. Short-term health insurance is exempt from the Health Insurance Portability and Accountability Act. In other words, you will not qualify for COBRA if you only have this type of coverage at your job and not a normal health care plan. As a result, most carriers don't have to guarantee to renew you when your time frame is over. They also don't have to waive pre-existing conditions, even when other plans would. They only have to help out with those rare occasions you might get sick or if there is an emergency. Let’s face it; you won’t be likely to have too many emergencies in a year, so the company is making a profit. It is much better and economical to get a regular plan as soon as you can to avoid paying out too much money in routine costs. You would not want to keep this type of plan if your employer offers medical benefits. If, and/or when, you leave this job you want to be able to qualify for COBRA and have all the necessary benefits, instead of pay more for less. DISCLAIMER: This information is for educational and informational purposes only. The content is not intended to be a substitute for professional advice. Always seek the advice of a licensed Insurance Agent or Broker with any questions you may have regarding any Insurance Matter. About the author of: The Long and Short on Short Term Health Insurance Thomas Hunter is an Internet marketer, author and publisher and has helped hundreds of people save money on their health insurance. Visit us at http://DiscountOnlineQuotes.com spend 5 minutes and get your no obligation Health Insurance Quote. Article Source: http://netsalesinc.com If you have a website or ezine you may freely post this article on your site as long as you include the full resource box above. All links must be active / clickable with no syntax changes.
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