• Short Term Health Insurance Blog

  • Sunday, June 25, 2017

  • The Nuances of Insurance Plans aka Always Read the Fine Print

    Filed Under: Blogging


Maxine Grinner, a designer at an advertising company, was laid off from her job. Young and healthy, she decided to take a break to figure out what she wanted to do. However, she did require insurance, and purchased short term health insurance for the unemployed.

Being cost conscious, she paid for her 6-month Assurant Short Term Medical plan in one installment, saving 20% on the premium amount. However, just three months into her break, she found a great opportunity with another firm which she could not pass up. Maxine was hoping to get a refund of the premium for the three months that she would not require insurance. Will she get a refund?

Unfortunately, the answer is no. Under the Assurant short term medical plan, one-time payments cannot be refunded. This is the trade-off for the 20% premium discount that is offered.

It always makes sense to read the fine print, and when in doubt, ask. Also, it is important to remember that when you are unsure of how long you’ll need short term insurance, you might be better off just purchasing coverage monthly. This is especially true if you are looking for a job, and plan to join one as soon as you get one.

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