Short-term health insurance, also referred to as temporary health insurance, is an option for receiving medical insurance on short notice to assist with piling medical bills, or for those who have recently lost their existing coverage.
These short-term medical insurance plans are usually designed to provide temporary help while an individual continues searching for a more permanent long-term solution. These policies can provide a barrier of protection from sudden emergencies both physical and financial in nature, and often cost only half of what a major insurance provider charges for a typical plan, if not less.
Also, the application and enrollment process usually takes place extremely quickly, and in some cases no more than 10 minutes.
Supplemental Health Insurance is typically used to address specific areas of a person’s health, from dental care to cancer treatment and more. Those with pre-existing conditions, disabilities, or chronic illness can sometimes find a plan uniquely suited to their needs.
You may feel that there’s a strong possibility someone in your family will require orthodontic care in the coming years, and as a result, invest in a supplemental health insurance policy to offset any upcoming costs associated with getting braces when the time presents itself.
Before investing in a supplemental health insurance policy, be sure that any benefits you may be looking for aren’t already present in your existing healthcare coverage, and look through the details of the plan closely to ensure you’ll be able to use the plan as you intend to.
If you have an existing health insurance policy but are concerned about missing coverage, then a gap health insurance policy might be the right choice for you. Those facing ongoing health issues who are worried about covering future costs out of pocket may benefit from the added layer of financial security a gap health insurance policy can provide.
These plans can be combined with your employer-based health coverage or social security and Medicare to create a more comprehensive degree of medical coverage that could prevent you from becoming overwhelmed with medical expenses if something bad should happen in the future.
Take the time to go over your existing coverage to see if there’s anything missing, and look for a gap health insurance policy that takes these concerns into account and delivers the level of care you require.