Short term health insurance policy: Limitations and Benefits

Short term health insurance as is evident from the name is primarily a medical insurance but it is very much differ from general medical insurance. The short term insurance covers only catastrophic diseases or problems. But this policy is a temporary solution as short-term policy is purchased to take health cover for a limited period of time. This feature allows the policy holder to drop the policy quickly if he doesn’t find it useful. Such policies are usually advised to people who are under 65.

rnGenerally short term policies are included in the "indemnity" plan so that the user has the liberty to choose his doctor. Hospital care, emergency services, surgeries, medical tests, prescribed drugs and even follow-up office visits comes in the purview of a short policy. But it is restricted by sub-limits and special conditions. The prime consideration in a short policy is that some offer limited mental health care. Also the low cost prevents the insurance companies from providing routine preventative care like immunizations, PAP tests and physical examination under their short health policies.

When looking for a short term health insurance, the important point to note is if there are any pre-existing conditions with the short policy you are going to buy. Short medical covers generally carry some sort of limitations like a health problem that you had prior to the start of coverage. Due to such limitations these short policies come at a much lower cost. But still, a short is a hot favorite among young graduates and adult persons.

rnSales of short term insurance policies have increased dramatically in recent years. No doubt the high coverage limits at low monthly premium and fast purchase process is the prominent factor has made short medical policies very popular among masses. Today, a large number of insurance companies are offering short term health policies that suit every pocket.

Short term health insurance is the only medical policy that has the shortest application and minimum processing time in the thriving health business. Available in both individual insurance as well as group insurance, short term policy is a great option for companies and families. For the convenience of their customers, insurance companies are now offering credit card payment schemes. There are both advantages and disadvantages with short term medical policies so before you buy one, take time to study the content and buy only when you are well aware of the limitations.