Short Term Insurance

Under certain circumstances, many people in need of health insurance and healthcare would be better suited to apply for a short term(temporary) plan as opposed to a traditional major medical insurance policy. Such persons may include: those who are employed part time or on a temporary basis and whom therefore do not qualify for their company’s plan, those between jobs, recent college grads who have been dropped from their parents’ or student policies, those eighteen or older who are not students and are not eligible for coverage under their parents’ policy, early retirees under 65 not yet eligible for Medicare, and those just out of the military. There are some eligibility requirements such as being under 65, not having been previously denied for health insurance, and height/weight ratios.

Healthcare Over A Shorter Time

Such policies, offered by Insurance Care Direct are generally for the healthy as pre-existing conditions are not covered. 
Short term insurance policies are usually written for 1-12 months or an exact number of days. These healthcare plans do not cover routine exams or tests and are intended to protect against sickness or injuries which occur during the term of the policy. Doctor visits, prescriptions, physician-ordered diagnostic tests, emergency services, hospitalization, outpatient procedures, and resulting rehabilitation are all generally covered. Optional coverage for dental, vision and accidental medical expenses are sometimes available.

Medical Insurance Deductibles

Short term insurance may have “per injury” or “per sickness” deductibles as opposed to traditional single deductibles such as those included with major medical insurance policies. There are many more limitations and exclusions with these plans than with major medical, however this allows for lower premiums. The plan maximums usually range from 1-2 million dollars and are generally considered an excellent value for those who need such plans. A distinct advantage other than cost is the ability, in most cases, to go to any medical provider since these plans are often “indemnity” in nature. This means that the providers(doctors, laboratories and hospitals) do not file claims with the insurance company. If one goes to the insurance company’s participating providers the bills are “re-priced” to a lower amount. The patient pays that reduced amount, gets the paid bill and then submits a claim to the insurance company for a partial reimbursement. The difference is the subsequent out-of-pocket amount one pays for that medical service. A pre-certification may be necessary for some medical services to get reimbursed.

These short term policies are generally renewable as long as no claims were filed under the previous policies. Insurance Care Direct should be your source for short term healthcare plans as we represent only top-rated insurance carriers.

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