Short Term Health Insurance Blog
Wednesday, May 16, 2012
- 08
Oct
2010 -
Arizona Residents Trust Short Term Health Insurance
Filed Under: Blogging
One reason that many residents have lost insurance in the last few years is the difficulty economy. Rampant downsizing has cost many people their jobs, and most people rely on their employer to offer subsidized health insurance coverage. So for most people, losing their job means losing healthcare coverage for themselves and their entire family.
Another common reason for losing health insurance coverage is switching jobs. Many employers have 60-90 day windows during which a new hire is not covered. This is referred to as a probationary period, and employers use it so that in case a new hire does not work out in the organizational culture or in terms of performance, there is not the significant loss that comes with buying an employee's insurance policy. That makes perfect sense for employers, but it can be quite difficult on employees who need medical care during that probationary period.
If you find yourself in these situations, you may want to consider short term health insurance. It will offer you and your family medical care in the event of an emergency, and it does so at an affordable rate. In fact, the cost of short term plans is often less than other alternative coverage plans like COBRA. Additionally, you will appreciate the ability to buy coverage for only as long as you need. So when the probationary period is up, or you have found that great new job, you can cancel and use your new employer's plan.