Short Term Health Insurance Blog
Wednesday, April 26, 2017
How Short is Short Term Insurance?Filed Under: Blogging
Some people are surprised that short term health insurance plans can be valid for as much as five years! Why, they ask, is it even called short term, in that case? Short term health insurance is named primarily because of the type of coverage it offers.
Generally, it is not advisable to go for short term health insurance if the required period of coverage is more than a year. But sometimes, circumstances may necessitate short term health coverage for more than a year. Consider the case of Ray Jackson. Laid off from his job, he had to get some sort of insurance for his family, and he took a short term health policy for six months.
Six months later, he found a part-time job that did not offer health benefits. Ray was still looking for a full-time job, and renewed his short term health insurance for another six months. When he finally received a full-time job with health insurance benefits, it was just over a year.
However, remember that short term health insurance does not cover routine physical exams. It might be a good idea to weigh your options realistically before purchasing short term health insurance. It is not intended as a permanent substitute for long-term permanent health insurance, which covers a lot more than just sudden illnesses.