If you're between jobs or starting a new job and waiting for insurance coverage to begin, a short term major medical insurance policy may be just the protection you need.
These temporary plans offer health insurance coverage that usually lasts for 6 to 12 months and can cover one individual or an entire family. You may not need to use the coverage during this time, but are you willing to put your family’s health at risk if an accident or illness occurs?
Some Definitions
The “short term” part of a short term major medical policy means the policy lasts for no more than a year. But what does the “major medical” part mean?
Well, a major medical policy covers expenses related to accidents and major illnesses. For example, hospitalization would be covered but an annual physical would likely not be covered. In addition, you'll usually have to pay a deductible and co-insurance before the insurance company begins to cover expenses.
Finding the Best Rates
Since short term major medical insurance policies are typically intended for people who are between jobs, the plans are designed to be affordable.
To help you find the best rate, you can go to an insurance comparison website. On these websites, you complete one application form and then you'll get several short term health insurance quotes from multiple A-rated companies.
The best sites even have a chat feature so you can get answers to your insurance questions from an insurance expert. (See link below.)
Once you have your quotes, you can compare them and choose the one with the best rate. For usually no more cost than the average car payment, you will then have the peace of mind of knowing your family is protected. And even better, you can usually drop the coverage any time when your circumstances change and you no longer need it.
Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get short term
major medical insurance quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written numerous articles on short term major medical insurance.
