Short-term health plans are ideal for people who are currently unable to buy a long-term health insurance policy or in between health coverage options. Moreover, if you need health insurance coverage outside of the Open Enrollment Period, short-term health insurance is usually your best option for health coverage until the next enrollment period.
Before deciding to go without health insurance coverage, consider these advantages of having a short-term health plan.
Application Process is Flexible and Fast
Since short-term health plans are provided year-round, there is no waiting period to enroll. Enrollment usually includes 5 to 7 questions that ask about your current health condition to make sure you don’t have existing health conditions that require expensive medical attention. Health insurance companies usually provide quotes and applications on their websites, but at Veritas Insurance Group, we can help you compare more options.
If your application is approved, your coverage can start as quickly as possible.
Save Money
Generally, short-term insurance premiums are cheaper than premiums you would pay with a traditional health insurance plan. Moreover, choosing a health insurance plan with fewer benefits, a single upfront payment option, or higher deductibles can reduce your monthly premium.
Cap Liability for Several Medical Expenses
Short-term health insurance plans provide coverage for the sorts of medical expenses you may face if you unexpectedly become ill, injure yourself, or are hospitalized. During the temporary period that you are without a major health insurance plan, it is good to know that the short-term health plan you purchase offers some form of protection in case the unexpected happens.
It Can Be Customized
We all have varying healthcare and financial needs. That is why most health insurers provide a range of plan durations and deductible options. With a short-term health plan, you have the option to choose the plan length and deductible that best meets your needs. Some short-term plans even cover preventative care and prescription drugs.
Do you have more questions about short-term health plans? Contact Veritas Insurance Group to speak with a licensed health insurance agent today for more information.
