As unemployment rates rise and companies continue to struggle to meet revenue forecasts, more and more people are feeling less secure about the status of the jobs. For some people, that means moving on to a job they feel offers a more stable future, and for others that can mean eventual unemployment. If you find yourself in either of these groups, you may find temporary health insurance to be a valuable option.
Short term health insurance is a simple yet wonderful concept. Rather than going uninsured when you are released from a job or leave you current company for a new one which doesn’t immediately offer coverage to new hires, you can buy a temporary coverage plan that can save you hundreds or even thousands in medical expenses.
Without medical insurance, the cost of a simple doctor’s visit can easily run into the hundreds of dollars. And if you’re without a job, then you certainly don’t have extra money to save on medical expenses. So the small monthly premium you pay for a short term medical insurance policy will be well worth it.
Temporary insurance plans truly are affordable options that keep your budget in mind. For instance, you have the ability to control your own deductible and co-insurance rates, meaning you can set higher deductibles and co-pays to keep your own upfront costs at a minimum. This way you’re really only paying more if you actually use the coverage. And even in that instance you’ll still pay less than you would uninsured.
Another way temporary health insurance puts the power of choice in your hands is in its ability to customize the term of coverage to your needs. Are you on a 90 day probationary period at a new job? Are you looking for a new job and finding your search is taking longer than you’d hoped? No problem, as plans can be bought anywhere from 30 days to 360 days. Choose the amount of coverage you need rather than buy too much coverage and waste your money.
Think that because you are buying a temporary plan that your choice of providers will be limited? Think again, because short term health insurance will allow you to choose your own doctors and your own hospitals for your healthcare needs. So you’ll get all the freedom of choice you experienced under your own plan – and maybe even more.
The headache of waiting for approval is gone as well. Short term insurance plans offer next day application approval, giving you the chance to enjoy immediate coverage. You can rest easily knowing your family’s health is secure.
As you begin a new job or keep searching for one, you don’t need the hassle of wondering how to protect your family’s health if an emergency arises. Temporary insurance offers you low prices, convenient and customizable terms, and great freedom in selecting providers you trust.
Dan Miller often writes about short term insurance.