Health insurance comes in many forms so it may be hard to find something that matches your need, but short-term health insurance has some advantages over standard health insurance that may be just what you’re looking for.
Short-term insurance policies in the U.S. have definite drawbacks such as excluding coverage for pre-existing conditions, exposing you to the tax penalty for being uninsured, and confusing episodic deductibles that are more confusing to keep track of than the storyline of LOST. But, they also have several advantages over more traditional major policies. Here’s the rundown of the advantages a short-term health insurance policy brings you.
The Pros of Short-Term Insurance
Buy a Policy Whenever
Short-term health insurance policies have no open enrollment period. In fact, people who missed their job-based period commonly turn to a short-term insurance policy to help soften the blow of the penalties. Short-term insurance won’t solve all of the problems, but it will help.
Range of Benefit Maximums and Premiums Are Available
If you’re used to a limited job-based health insurance option during your open enrollment period, you’ll be happy to hear that, like a nice suit, you can actually tailor your policy to meet your specific needs.
Coverage Immediately Goes Into Effect
Most health insurance policies have a waiting period between when you enroll and a policy going into effect: short-term health insurance is the exception. In fact, a good use for short-term health insurance is to cover you during this gap. You can also arrange a short-term policy to start at any future date, even tomorrow if you need it.
Missing open enrollment shouldn’t put your health at risk. A short term health insurance is your best option. For more information about what this kind of policy can do for you, contact Donald Weiss Insurance Services. We’ll work with you to make sure you have the right policy to get the care you need until the next open enrollment period.
