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Short Term Insurance
What is Short Term Insurance?
This short term insurance is designed for people living in the U.S. who need to take out a short term insurance plan. So, for example, you may be between jobs without medical coverage or waiting for the benefits of a new plan to start. Or, you may just have graduated from college and you may want cover until you find your first job. Some people also take this kind of plan on if they are self employed or as an alternative to COBRA plans.
Why you need Short Term Insurance?
There are times in our lives when we may be between standard medical and other insurance policies. We may know that we’ll be arranging cover soon but that could leave us with a period of a few weeks or months when we don’t have insurance. Short term insurance simply gives you cover for these short periods with an emphasis on unexpected accidents and illnesses - without it you could be liable for all kinds of medical and related healthcare costs.
Short Term Insurance Coverage Periods
Our short term insurance policies can be taken for as little as one month to a maximum of 12 months. It is also possible to buy coverage on a daily rates basis.
Short Term Insurance Benefits
Our short term insurance policies give you a choice of benefits to suit you, your needs and your budget. They can generally be set up to include spouses and family members according to certain conditions. For example you will receive a range of benefits with our policies, including:
- Medical Insurance up to $2,000,000
- Freedom to choose any doctor/hospital
Short Term Insurance Plan characteristics - deductibles and coinsurance
One way to manage the costs of your insurance plan is to look at the characteristics of the plan (such as the allowed deductibles and coinsurance).
The deductible is the amount you are willing to pay before your policy takes over if you need to make a claim. Our deductible options here range from $0-5,000. So, if you choose a zero deductible you won’t have to pay anything towards the cost of your claim and if you choose one of $250 then you pay the first $250 of your claim.
Coinsurance is the percentage share of healthcare/medical costs arranged between you and the insurer. So, for example, if you take out a plan with an 80% deductible then your insurer will pay the first 80% of the claim as set out in the terms and conditions and you will pay the remaining 20%.
Short Term Insurance Plan Conditions
Non U.S. residents wanting to take out short term insurance will generally need to have lived in the country for at least 12 months. In most cases these kinds of policies will not give coverage for pre-existing medical conditions. Bear in mind that buying a short term insurance policy may render you ineligible for HIPAA policies in the future.
To see how cost effective our Short Term Insurance will be, click here for a free quote or contact us for further information.Plan is For: Every One
Period: Max 1 Year
Max Coverage: $2,000,000
Deductible: $0-5,000
