In the past few decades, the price of healthcare has skyrocketed. Furthermore, regardless of innovations and new scientific breakthroughs, the risk of disease and unforeseen things keep us on our edge always. A good amount of people are provided insurance by the company they work, but due to financial reasons, some companies do not provide this perk. Furthermore, some people find the commitment of a long-term plan with an insurance company a bit daunting. For such people, short-term or temporary health insurance is provided.
Short term/temporary insurance normally is for a contract that goes up to a year and covers both medical and travel insurance. These policies are designed to be executed in a year or less and enable the client to dictate the terms since the client can choose their deductibility, which further permits them to stay in charge. The main difference that exists between plans of this nature and long-term is that due to the nature of the former, it is best to choose it when you might feel the need to travel. Long term things such as pregnancy and mental health are not covered in this, but sudden and immediate things such as illness on a trip or lost luggage are accounted for. As mentioned above, this plan is not likely to suit everyone, and people might choose it based on their need. Here is a list of a few cases in which people might choose temporary health insurance
Short-term plans have several benefits which might make you consider this alternative as opposed to major long-term plans.
1) You’re in control – what this means is that you have the liberty to dictate the length of your policy, select the deductible and coinsurance amount, continue to access health care providers you may like and avail discounts if they are affiliated with the insurance company.
2) These plans and programs are more economical, which essentially means that they are for a bigger audience that cannot generally afford long-term programs. When compared, these programs roughly save up to $280 per person and $750 per family.
3) There is a minimum enrollment time, which essentially means that you can get a quote within a small amount of time. Furthermore, you can register and enroll yourself 24/7 via online portals. Additionally, you can start coverage as soon as the next day as well!
When buying temporary health insurance, it is best to look out for a few things. In a wider spectrum, short-term health insurance is a cheaper alternative. However, this might have its drawbacks as well. Here are a few things to take note if you’re deciding to get short-term health insurance!
This leads to the fact that you should always be vigilant when choosing a short-term plan. Check to see whether the requirements or essentials you’re looking for are met or not.
There are a few reputable temporary health insurance providers in Maryland, each with their own unique clauses features.
For the past three decades, the IHC group has excelled in providing insurances in several different factions of the field of health, such as dental, optical and disablement. The IHC group provides a very well-planned and elaborate short-term health insurance as well. It is affordable relatively in contrast with other companies and includes many deductibles and coinsurance options.
Plans that the IHC group offers are as follows:
NHIC national general is a public trading company that specializes in providing insurance for a plethora of different things, such as automotive, natural disasters, recreational vehicles, self-funded business, and short-term/temporary health. Four separate companies under the same wing are authorized with writing programs and plan that they offer which conform to the standards set by the government. An important factor about this is that they are generally uncomplicated with not many clauses. This plan is recommended mostly to students who have recently graduated retired individuals who are waiting for Medicare, people who are looking for jobs or are unemployed at the moment and part-time employees who don’t have coverage by the company they work for.
The interface of the website that you have to go through for programs offered by NHIC National General are simplistic and minimalistic which means that you don’t necessarily have to be tech-savvy to access these forms. Furthermore, coupled with basic requirements and a simple drop-down menu, you can navigate through the website easily and find whatever information you might deem relevant to your particular case. The helpline in the contact-us menu is efficient, and a company representative gets back to you quickly.
In conclusion, it is best to choose this particular type of insurance if you might feel that it applies to your current lifestyle. If you’re a graduate student who has just entered the market and is looking for a job, this is the best option for you. This also extends for those citizens and tourists who are planning to travel. Either way, it is of utmost importance to pay due attention to the specific clauses that these programs offered and chose the one that they feel best applicable to them. Affordability and basic accessibility are trademarks of such short-term plans. The financial freedom that these programs provide also means that people who do not have any financial restrictions chose to opt for this.