Short Term Health Insurance.

· 5 min read
Advertiser Disclosure Student Loan Battle Advertiser Disclosure
At Student Loan Battle we work hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Battle is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

image unsplash-logoHush Naidoo

Short term health insurance is also known as Temporary health insurance or Term Health insurance. Short term insurance offers you the advantage of a temporary coverage if you happen to:

  • Move between jobs
  • Still waiting on your plan to begin
  • While waiting on approval from Medicare
  • Don't have any Health Insurance, out of the open enrollment window

During these events in life finding the best Short Term Health insurance plan might be the right step for you.

Short Term Health Insurance Frequently Asked Questions

Is it a good idea to get a Short term health insurance?

People who are healthy can benefit from short term insurance plan as it saves you premium plan cost as long as you don't need these health services. Planning to start a family? A short term health insurance will not be the best way to go.

How much Short term insurance cost?

There are many types of short-term insurance plans, and premiums vary widely depending on how much they cover. The least expensive plans cost just $40 or $50 a month.

What does short term medical insurance cover?

The benefits of Short term insurance are:

  • Coverage availability --Coverage will begin the next day after applying.
  • Coverage duration--Coverage will be 12 months or 36 months depending on the state availability and specific enrollment limitations. You might be able to apply back to back in certain states.
  • Prescription drug coverage--Many Short Term Health Insurance plans cover a discount card on prescription drugs.
  • Maternity and newborn care--Complications of maternity are covered but not standard childbirth services.
  • Mental health services--This Coverage is included when mandated at the state level.
  • Substance use disorder services--This Coverage is included only when mandated at the state level.
  • Rehabilitative and habilitative services and devices--This Coverage is included only when mandated at the state level.
  • Preventive care--Some plans have preventive care benefits with cost-sharing but the majority of plans do not cover preventive care services.
  • Pediatric service, oral and dental care--This Coverage is included only when mandated at the state level.
  • Healthcare provider networks--Short Term plans are typically accepted in any healthcare provider.
  • Uninsured tax penalties--Short term policyholders will no longer have to pay a tax penalty starting in 2019.
  • Coverage of pre-existing conditions--These plans evaluate health status and pre-existing conditions when processing an insurance application and determine whether the applicant is approved or rejected for coverage.

Short Term Health Insurance is a great choice for many consumers, but there are certain considerations that you should take into consideration when looking at Short Term Health Insurance as a health insurance option.