For the Gaps: Supplementary Medical Insurance

 For the Gaps: Supplementary Medical Insurance

Most people think of health insurance as regular plans that involve doctor visits, co-payments, and coverage for prescription medicines. However, access to these types of health insurance isn't always guaranteed. Perhaps you are a new graduate or still in school, perhaps you are working part-time, temporary labor, or for a firm that does not offer full health insurance. There are times when having standard health insurance is not an option. If you would want some coverage in the case of an emergency or accident but cannot afford regular health insurance, your best bet is short-term health insurance.

Short-term health insurance fills the coverage gap brought on by a number of situations, including the ones already listed. The phrase "short-term health insurance" gives the idea that it's a stopgap measure that covers you for a certain amount of time in the hopes that you'll soon begin or maintain regular health insurance. 

This insurance policy is designed for those seeking some level of security in the case of an accident or injury; it covers only significant or emergency medical expenses, including x-rays, ambulance rides, critical care, and a restricted number of hospital stays. Though policies vary, they are usually the standard for short-term health insurance coverage. Regular medical visits and pre-existing conditions are not covered by short-term health insurance. If you require this sort of coverage, you should consider obtaining an ordinary health insurance policy or looking into other options. 

A short-term health insurance policy can range widely in price; your monthly payment might be as low as $25 or as much as $100, depending on the plan's coverage and deductible, which can start at $250 and go up to $5,000. Most insurance policies these days also provide a decent payoff amount (typically one or two million dollars). You may choose from a variety of coverage periods with insurance, from six months to ninety days, however very few short-term policies last more than a year. 

Where can I find short-term health insurance? It's not as difficult as it seems. Many short-term health insurance carriers may be found with a fast Internet search. Another advantage of using the internet is being able to compare various companies and initiatives. Just be sure to carefully go over each policy to understand all of the terms and conditions, such as maximum payment, coverage, and deductibles.