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| | Basics of Affordable Short Term Health Insurance
It's possible that a change in your job or schooling status has just made you eligible to own the most affordable health insurance available. If you are healthy and unemployed, employed part-time, going to school, graduating from college, leaving home for the first time, or even retiring early, you might consider carrying short-term health insurance coverage.
One of the major appeals of a short-term policy is its low premiums.
Short-term health insurance is the ticket for people in transition. If you are one who will be buying individual health insurance this year, take note: the insurance industry may have a low-cost health insurance policy for you. In fact, if you are eligible to buy such coverage, competition among health insurers has now driven the cost of short-term coverage down to much less than the cost of a monthly car payment for most people.
Designed for healthy individuals and families who do not need coverage for pre-existing conditions, short-term policies can provide a low-cost safety net in case of illness or injury that might develop during the coverage period. Depending upon the plan, benefits can be generous and wide-ranging, with most policies providing up to $1 million or $2 million per person. Numerous insurers now offer short-term health policies in most states and the competition for your business is fierce.
However, just as the name implies, short-term health policies are a temporary solution. While some plans now offer coverage for up to 36 months, most short-term policies limit the amount of time that you can keep the policy to 12 months or less. Short-term health insurance is typically bought in one-month increments which makes it convenient to drop at the end of any month.
The most important thing to remember when buying short-term coverage is that these low-cost plans are not designed to cover any pre-existing conditions. This limitation explains why the monthly premiums are so low for this kind of coverage. Pre-existing conditions are typically defined as any condition or symptom which you had during the 36 month period prior to the start of coverage. For this reason, its always a good idea to be painstakingly honest when you answer every question on the application itself, otherwise you may wind up having claims for pre-existing conditions being denied.
All short-term policies have a laundry list of limitations and exclusions, so its also advisable to settle in with that second cup of coffee to read these carefully before you buy. And dont be bashful about asking your agent for help and advice prior to the purchase.
LM Financial offers online services for affordable Short Term products from three companies. You can generate proposals and apply for coverage online by simply clicking the appropriate link.
Time Assurant Short Term Health - CLICK FOR QUOTE - Underwritten by a company leader in this field for the past 27 years
- Length of coverage: 30 days to 12 months (12 month not in all states)
- Available in 43 states
- Not available in HI, MA, ME, NY, RI, VT, WA
HPA Liberty Short Term Health - CLICK FOR QUOTE - Underwritten by Chesapeake Life Insurance Co.
- Length of average: 30 days to 6 months
- Available in 45 states
- Not available in ME, MA, NY, NG VT
HPA Select Short Term Health - CLICK FOR QUOTE - Underwritten by TIG.
- Length of coverage: 30 days to 6 or 12 months
- Liberal Underwriting: Eligible if currently treated for high blood pressure, high cholesterol or non-insulin dependent diabetes
- Decline Question: goes back only 12 months
- Available in 25 states: AL, AK, AZ, CA, CT, GA, HI, IL, IN, KY, MI, MS, MO, NE, OH, PA, RI, SC, TN, WV, WI, WY
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| | Why it pays to let LM Financial help you find
the best, most affordable health insurance - We will contact you promptly.
- We will never sell your personal information to anyone.
- Our computerized quote database accurately determines the coverage you qualify for.
- You will get quotes from several highly-rated insurance companies, to make sure you get the best coverage at the best price.
- We will assist you in getting your life insurance policy issued quickly and efficiently.We are committed to providing excellent customer service and the best term life insurance.
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