• Short Term Health Insurance Blog

  • Monday, November 20, 2017

  • Tailoring a Short Term Insurance Plan to Your Needs

    Filed Under: Blogging

A feeling of complete security is hard to achieve. But there is a smart way to feel safe when your health is considered, by buying a short term health insurance plan that can be tailored to your needs.

You can buy an STM (Short Term Medical) plan in four easy steps. First, determine whom you need to cover, whether it is just yourself, or whether the plan will include your spouse and children. Also choose the period of the plan—a month, six months, or do you not know the plan period?

In the second step, check out your eligibility in terms of age (usually not older than 64 years and 11 months). This is true for you and any dependents you want to insure. Also check whether you have any pre-existing medical condition. An existing medical condition is generally not covered under temporary insurance.

Third, decide on the deductible. Do you need a higher deductible, which will mean higher premiums, or a lower deductible, which will mean less premium, but less out of your pocket if you fall ill? Finally, depending on the deductible that you decide and your age, calculate your premium and complete the enrollment plan for buying the insurance plan.

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