• 03
  Jun
  2010

• Health Assured with Short Term Plan

  
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The Assurant Short Term Health Insurance offers temporary insurance coverage for a short period. It is ideal for those in between jobs, those waiting for employer long term insurance to kick in, temporary employees who don’t have long-term insurance, and new graduates.

A person can choose to pay the single rate for a set number of days, if he/she knows how many exact number of days the short term health insurance is needed for. The monthly payment option is best if you are not sure how long the coverage will be needed.

The plan offers three deductible choices: $500, $1,000, and $2,500. The higher deductibles translate into lower premiums. For a $500 deductible, for example, a person 30-34 years old pays around $73 per month as premium. For a $2,500 deductible, the premium nearly halves to $40.

Rates for children to be added to the plan are as low as $15 per month for single rates. There is also a zip code factor that increases the premium payable for residents of certain areas. There is also a one-time application fee of $25. To be eligible, the applicant must be under 65 years old, and dependents, under 18 years old.

• 01
  Jun
  2010

• When To Purchase Short Term Insurance?

  
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Let’s say you are not eligible for a long-term health insurance plan. That might be because of a variety of reasons—you have just graduated from college, you are in between jobs, or have just decided to take a break from your job. Purchasing private long-term health insurance can prove to be a tall order when you don’t have a dependable steady income. In this situation, even if COBRA insurance is offered, short term health insurance may prove a better option.

Temporary insurance, by its very definition, does not cover pre-existing conditions. It is meant for short periods (typically less than 18 months) and is not recommended as a replacement for long term health insurance. Short term medical plans do not cover routine preventive doctor visits either, something that is a must for maintaining good health.

If you are purchasing short term medical insurance, and expect the coverage to last for around six months, you might want to consider purchasing separate dental insurance as well. Also remember that because the temporary insurance does not cover preventive care, you will need to be extra cautious.

Temporary insurance usually covers inpatient and outpatient care, ambulance services, diagnostics and some prescriptions. It excludes, apart from pre-existing conditions, normal pregnancy, experimental medicine, alternative medicine, fertility treatment, eye and dental care, and mental health. Consider short term coverage if you need health insurance for a short period, with a small budget.