The text used to be a part of http://www.4insurance.com/ site. Later the site underwent alterations and the page was eliminated. This copy of the original text is used only for educational purposes.

Short term health insurance

Short term health insurance is a special form of insurance with certain eligibility criteria. It is strictly an indemnity plan and has high limits of maximum coverage ($1-2 million). There are several co-insurance and deductible options with appropriate relative premiums.

There are many different types of people for whom short term insurance is ideal:

• People between jobs.
• People laid-off from work.
• People graduating from college.
• Students who are no longer eligible under their parents' health insurance.
• People waiting for their own Group Insurance eligibility.

Short term insurance has certain eligibility requirements (although these may vary from carrier to carrier). You are eligible if:

• You are healthy and free of pre-existing conditions.
• You are between 15 days and 65 years old.

Consequently, you are not eligible if:

• You have pre-existing health conditions excluded by your short term insurance carrier.
• You received medical consultation or treatment within last five years for serious conditions (i.e. heart attack, stroke, leukemia, cancer, etc.).
• You've been denied insurance for health reasons.
• You are currently pregnant.
• You have membership in any other medical insurance, HMO or other healthcare service plan (including retroactive effective ones).
• You train or play in professional or college sports.
• You work in a hazardous industry (i.e. construction, aviation, etc.).

The coverages of short term health insurance are comparable to those of major medical plan (usually, the indemnity plan). Such services included are prescriptions, hospital stays and nursing programs. But much like major plans, it has similar exclusions. Consult your agent for further information.

Limitations to short term involve its obvious short duration. There are several key areas where its limitations are highlighted:

• Your requirement of coverage may be more than what the duration allows.
• You do not have a right to automatically renew. If your health status changes (i.e. diagnosed with cancer) your short term carrier may opt not to renew your coverage. This new circumstance would also classify you with a pre-existing condition (and thus make you ineligible).
• Unlike the premium refund policies of the regular health insurance plans, short term is far more limited (even during early cancellation).

The text used to be a part of http://www.4insurance.com/ site. Later the site underwent alterations and the page was eliminated. This copy of the original text is used only for educational purposes.