Today’s health insurance landscape can be challenging. Fortunately, there are many affordable health insurance options available to you, regardless of your situation.
Short-Term Health Insurance provides you with insurance on a temporary basis to protect against unexpected illness or accident. Short-term is less expensive then permanent, long-term health insurance. Coverage runs from 30 days up to two years, depending on your state. Usually there is no waiting period for coverage to start, and in most cases you can be covered by the next day. Short-term policies can have low, affordable premiums and can help bridge gaps in your health care coverage and guard against catastrophic events. Without it, you could be facing very large medical bills.
The Benefits of Premium Health Quotes
- Fast Free Quote
- Save Time and Tons of Money
- Plans from the Nation’s Leading Carriers
- Low Affordable Premiums
- Prescription Drug Coverage
Short-term health insurance is ideal for:
- Individuals that are unemployed or between jobs
- Those waiting on open enrollment for permanent insurance under the Affordable Care Act
- Early retirees — prior to age 65 (Medicare enrollment age)
- Young adults no longer covered under a parent’s health insurance
- Those going on an extended vacation overseas
Major Medical Plans are effective in covering serious illness or injury where costs are high. These plans provide comprehensive coverage that covers hospital care, medications and doctors’ visits. There are several types of plans (HMOs, PPOs, Indemnity plans) that provide this coverage, each with unique features and benefits.
Indemnity plans – these major medical plans typically have a deductible — what you pay before the insurance company begins paying benefits. Benefits are paid, usually at 90%, once services exceed the deductible amount.
Preferred Provider Organization (PPO) Plans —usually allow you to seek care from a doctor or hospital that is out-of-network, but you will probably have to pay a higher deductible or co-payment.
Health Maintenance Organization (HMO) Plans — on these plans you choose a primary care physician (PCP) from a list of network providers. Your PCP then is responsible for managing all of your health care. You will need a referral from this PCP if you need services from in-network specialists and facilities. You must receive care from a network provider in order to have your claim paid through the HMO. Treatment received outside the network is usually not covered, or covered at a significantly reduced level.
Subsidized vs. Non-subsidized Health Care
Subsidized – you get help paying medical expenses, either from an employer or state or federal government program. This could be in the way of tax credits or reduced premiums to lower health insurance costs. Non-subsidized – you, not an employer or government program, are responsible for premiums and health expenses. You receive no reimbursement for any part of the plan’s costs.
Consult a licensed insurance professional to learn more about ways you can lower your health insurance costs and get a plan that works