There are many life events when one may need to fill gaps in health insurance coverage. These may be job change, family event, or moving from one place to another. Whatever be the reason, it is risky to stay without coverage as unexpected medical assistance can cost thousands of dollars. As such, to cover any gaps between the standard health insurance, you can choose from the many short term insurance plans.
As the name suggests, short term medical insurance coverage ranges anywhere between 30 and 364 days. It provides coverage for illness and injury when you are not covered neither from the Marketplace nor your employer-sponsored insurance coverage. By providing coverage during the short gaps, it protects you from any unexpected medical expenditures. Most short term insurance plans provide coverage for outpatient surgery, emergency room, and hospitalization. But, they do not cover wellness or preventive care and are not ACA (Affordable Care Act) compliant. Also, they cannot substitute the regular health insurance that you get from the Marketplace or your employer.
While selecting short term medical insurance coverage, it is imperative to look for a policy that gives you adequate protection. In order to find the best fit for your temporary need, seek short term health insurance quotes from multiple providers. Use these quotes to learn about the coverage that you will get at a given price. Compare the quotes and arrive at the best medical policy that works best for you. Remember, everyone has unique needs, so look for a policy that is flexible enough to let you choose the coinsurance, deductibles, and duration of the plan.
Even when you buy short term medical insurance from the companies with best health insurance, it is possible that you may learn later that you cannot visit your regular doctor. Therefore, before signing-up, review the short term insurance plans and ensure that your regular doctor is covered. The best short term insurance plans have a large number of physicians and practitioners listed so your expenses are reduced.
It is important to buy short term medical insurance from a company that has its own customer service. The companies with best health insurance not only have their own financial managers and customer service, but are also more efficient when it comes to handling claims. Therefore, check the public documents published by insurance companies to select the ones that enjoy a rating of B or above.