Short Term Insurance Policies

As long as the bill continues to be paid, the insurance coverage continues and failure to pay will cancel the coverage. Short term insurance coverage is available in many forms. Numerous companies offer medical and health insurance on a short term basis. Auto and boat coverage is also offered through short term policies. Short term life insurance is common as well.

Short term insurance is particularly helpful during times of transition when other insurance options may not be available. Many insurance policies discontinue coverage of children upon graduation. A short term insurance policy will assure coverage until other options open. Choosing the right company to purchase a short term insurance policy from can be tough because of the number of businesses offering this service now. Short term insurance is available to help get through those uncertain times without risking a period without coverage.

Short Term Insurance Does Not Cover Pre-Existing Health Conditions

Short term insurance costs less than traditional major medical insurance plans. One major limitation is the fact that short term insurance does not cover pre-existing conditions. Pre-existing condition is defined as any medical condition that was diagnosed or treated prior to the effective date of the short term insurance plan.

Any new condition would be covered under the new short term insurance plan. This is one reason that short term insurance costs less than traditional health plans.

Short term insurance is a good alternative to more expensive plans in many cases. People between jobs may find short term insurance more affordable than COBRA benefits as well. Remember that short term insurance generally does not cover pre-existing conditions when considering this option.

Executive summary about Short Term Insurance by Gabriel J. Adams & Brian Thacker

Check out my other tips and guide on Holiday Insurance or Bike Insurance

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