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Short Term Health Insurance Plans: What You Need to Know

Have you ever heard of short-term health insurance plans? As its name suggests, these are temporary health insurance plans that offer affordable and flexible coverage for illnesses and injuries. Since it is temporary, its medical coverage ranges only from about 1 month to 6-12 months. You can also get the best short-term health insurance plans online.

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These are specially designed for healthy individuals who do not need coverage for pre-existing conditions. The majority of short-term plans are good only for people that are under the age of 65. As a matter of fact, many of these short-term health insurance policyholders are self-employed, fresh graduates, temporary employees, people in career transition, and even unemployed people. This type of plan is also great for students.

Short-term insurance plans include some preventive programs, hospitalization, emergency care, and prescription drugs. If you want a more extensive profit, this will all depend on the plan you get so choose only the best.

Holders of these plans are given the option to pay either on a monthly basis or full payment. The best thing about these plans is that they often cost half the price of an individual health insurance policy. In addition, you can easily drop the short term plan if you wish to. However, you could not renew the plans.

By the time a plan expires, you will need to find health insurance coverage through a long-term plan. A lot of short-term health insurance providers offer long term plans. If you need a plan for more than six months, it is best that you consider an individual health insurance plan rather than a temporary plan.