Insurance Health Insurance

The Advantages and Disadvantages of Temporary Health Insurance

Temporary health insurance has its own advantages and disadvantages.
For you to be able to decide whether it is worth it or not, here are some points for you to consider.
Advantages of Temporary or Short Term Medical Insurance * More affordable.
This type of coverage is definitely more affordable than your standard health insurance coverage.
The reason for this is that there are fewer claims than other insurance types, offering less risk to insurance companies.
This is a great value if you ever meet an accident or catch an illness, because the insurance would cover you, no matter how low your payment is.
* Accepted by any doctor.
Temporary insurance is accepted by any doctor in the country.
You do not have to stay loyal to a certain group of hospitals and doctors.
* Guarantee.
A lot of temporary health insurance providers give you a certificate of creditable coverage.
This can be used for your next medical insurance policy, especially if you are waiting for a company to give you one.
This would provide you guarantee that your health coverage would not exempt your pre-existing conditions.
* Instant coverage.
When you get approved, you are automatically covered the next day.
* Good coverage.
You may look for an insurance policy which includes preventive care for your health.
You may avail of PAP smears and mammograms, helping you save on medical bills.
Some plans would even cover transplants.
There are also temporary insurance policies which include home care and services from a nurse.
Lastly, a lot of good insurance policies would include your dependents (spouse and children).
Disadvantages of Temporary or Short Term Medical Insurance * Your pre-existing conditions would not be covered.
This includes all conditions 36 months prior to your existing temporary health insurance.
* Non-renewable beyond a point.
Most temporary health insurance policies can only be renewed up to 36 months.
After that, you would not be allowed to renew your coverage anymore.
You may try to reapply, but there is simply no guarantee of your getting approved.
* Some missing coverage.
Although a lot of temporary insurance policies have a good coverage, you may find the lack of vision and dental coverage a little bit of a turn off.
Moreover, childbirth and pregnancy-related conditions are not included in short term health insurance policies.
* You may not be able to have your plan renewed if you develop a serious condition within the time that you are covered by your temporary health insurance.
Carefully considering these things will help you make the right decision for you.

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