• Short Term Health Insurance Blog

  • Friday, November 24, 2017

  • How Does My Short Term Insurance Plan Work?

    Filed Under: Blogging

Many a time, people who sign up for short term health insurance are doing so for the first time, and have no clue how to go about receiving the benefits. So used are they to long-term insurance, that they are not quite sure how and when the benefits actually bear fruit.

This is also true for new immigrants whose first insurance plan is the short term health insurance plan. Getting the benefits is very simple, and while temporary insurance usually features deductibles and co-insurance, the principle behind it is the same as that of long term insurance.

In the Secure 12X3 Short Term Insurance plan, for insurance, the insured is responsible for the eligible expenses until the deductible is met. That means that a $300 treatment for injury will be entirely borne by the insured (deductibles under the plan are $500, $1000, $2500, or $5000).

After the deductible, the plan pays for 80% or 50% of the covered expenses, up to $10,000 of covered expenses, and 100% thereafter, up to the plan maximum. A list of covered expenses and the maximum allowed amounts for certain conditions are mentioned in a plan's schedule of benefits. In most cases, the hospital accepts the insurance card given, making the transactions cashless.

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