Temporary Health Insurance: A Quick Solution for Health Coverage
Temporary health insurance, also known as short term health insurance, can be an easy and quick way to get the health coverage you need until you find or qualify for more long term options. Short term health insurance can help you avoid costly medical bills incurred during emergencies and unexpected sickness. It is a perfect solution for individuals who have recently been laid off or are in between jobs, missed certain health insurance deadlines, need proof of insurance, or are self-employed. While there are some disadvantages of short term health insurance, it does provide a quick solution for health coverage.
Perfect for Individuals Who Were Laid Off or Are In Between Jobs
The most common reason people obtain temporary health insurance is because they were unexpectedly laid off or they are in between jobs. Being unexpectedly laid off can cause serious financial problems as well as lapse in medical coverage. Individuals who do not expect to be laid off typically do not have time to figure out their options before they lose their coverage. While some jobs are required to offer the continued …show more content…
First, temporary health insurance is not federally regulated, thus, it does not have to meet certain standards that are required of other health coverage companies. Although Obamacare requires insurance companies to openly accept all people regardless of preexisting conditions, short term health insurance does not have to abide by that standard. As such, they can exclude individuals with preexisting medical conditions either before or after a claim. This is problematic as many people may not know they had a preexisting condition until they are hospitalized and then they find that they are not covered although they thought they
Temporary health insurance, also known as short term health insurance, can be an easy and quick way to get the health coverage you need until you find or qualify for more long term options. Short term health insurance can help you avoid costly medical bills incurred during emergencies and unexpected sickness. It is a perfect solution for individuals who have recently been laid off or are in between jobs, missed certain health insurance deadlines, need proof of insurance, or are self-employed. While there are some disadvantages of short term health insurance, it does provide a quick solution for health coverage.
Perfect for Individuals Who Were Laid Off or Are In Between Jobs
The most common reason people obtain temporary health insurance is because they were unexpectedly laid off or they are in between jobs. Being unexpectedly laid off can cause serious financial problems as well as lapse in medical coverage. Individuals who do not expect to be laid off typically do not have time to figure out their options before they lose their coverage. While some jobs are required to offer the continued …show more content…
First, temporary health insurance is not federally regulated, thus, it does not have to meet certain standards that are required of other health coverage companies. Although Obamacare requires insurance companies to openly accept all people regardless of preexisting conditions, short term health insurance does not have to abide by that standard. As such, they can exclude individuals with preexisting medical conditions either before or after a claim. This is problematic as many people may not know they had a preexisting condition until they are hospitalized and then they find that they are not covered although they thought they