Short Term Health Insurance Blog
Wednesday, April 26, 2017
The Short-Term vs. COBRA Insurance Debate-II: Pre-Existing ConditionsFiled Under: Blogging
In this post on the differences between short term health insurance and COBRA insurance, we will look at one factor that COBRA insurance supporters usually emphasize: COBRA covers pre-existing conditions while short term health insurance does not.
Yes, it is a fact that short term health insurance, one of the best COBRA insurance alternatives out there, usually does not cover pre-existing conditions. That is the reason for the low cost of short term health insurance when compared to COBRA. The two plans, while often pitted against each other, have different goals: COBRA insurance is meant to continue the level of coverage that you had when you were employed, and short term health insurance is meant to ensure that you are not adversely affected by any sudden medical problems.
If you or your dependants have a pre-existing medical condition that requires constant care, then the clause that includes coverage for pre-existing conditions becomes important. If not (as is mostly the case), the insurance is only meant to tide over the temporary period until you purchase long term insurance. In this case, short term medical insurance may be a better bet, especially keeping in mind the cost factor.
Remember too, that pre-existing conditions are defined by the look-back period, and if a health problem has not recurred in the past 3 years (or 5 years, as the plan may specify) you will still be covered for it.