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Things to Consider When Buying Temporary Health Insurance

If you are between jobs and thinking about skipping health insurance just to save money, think
again. With the high cost of medical care these days, one accident or catastrophic medical event
can drive you deep into debt if you don’t have coverage. Thus, you should consider what you’ll
be spending on health insurance premiums as a way to buy yourself peace of mind and provide
yourself with a safety net – even if you never actually use the policy. For the unemployed, the
best way to get coverage is to buy temporary health insurance. This type of policy provides
you with health coverage for between one to twelve months, and has affordable premiums. You
can also consult any doctor or health professional you want, although if you’re going to be
hospitalized for anything other than an emergency condition, you should consult with the insurer
first to ensure that your hospital bills will be reimbursed.

There are, however, many drawbacks to temporary policies. The main one is that pre-existing
conditions are not covered. A pre-existing condition is a medical problem that you were
diagnosed with a certain period before you applied for the policy; just how long before depends
on your state’s laws and the insurer’s guidelines. Another drawback is that many insurers do not
cover the cost of preventive health care, such as routine doctor’s visits, which you will have to
pay for out-of-pocket. What this form of temporary insurance does cover is emergency care,
surgery and hospitalization costs. In other words, you are basically covered only for major
medical problems. Also, if you are considering guaranteed health insurance (plans in which you
cannot be refused coverage based on your health status) you should not take out a short-term
health policy, as this will make you ineligible for guaranteed issue plans. Get plans and quotes at
sites online like http://www.short-termhealthinsurance.com.

So what are the factors you should consider when choosing a health plan? There are two, both
related to costs – the deductible and the out-of-pocket maximum. The deductible is the share of
medical costs you will shoulder out-of-pocket before the insurer begins paying under the terms
of the policy. The higher the deductible, the lower the amount of monthly premiums you will
have to pay. Limited-term health plans typically have high deductibles, so you will have to pick a
policy with a deductible you can afford. The out-of-pocket maximum is the total amount of
health care the insurer requires you to pay; beyond this amount, the company will cover all of the
medical costs that they deem to be medically necessary. When selecting a policy, make sure that
the out-of-pocket maximum is at a level that is still affordable for you.

While doing all of this homework may seem daunting to you, not doing it is worse. One
unplanned hospital visit can wipe you out financially. So it makes more sense to be covered in
case of unforeseen accidents or other catastrophic events. With all its limitations, temporary
health insurance is still the most affordable way for you to get coverage and protect yourself
from crippling medical bills.

				
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Description: these articles go over short term health insurance plans and who these plans can help. Health insurance can be confusing, and you don't want to go without coverage. But you don't have to pay too much if you are healthy. consider short term insurance plans.