Short Term Insurance
Learn About Short Term Insurance and see if it is a fit for you and your loved ones!
About Short Term Insurance
Conventional health insurance often comes with a hefty price tag, but fortunately, there exist more affordable alternatives. When searching for methods to save money while safeguarding against potential illness or injury, it is crucial to familiarize yourself with these options. While assessing the advantages and disadvantages of these alternatives, it is advisable to seek the guidance of a financial advisor who can provide a comprehensive overview of your overall financial situation.
Short-term insurance provides coverage for durations ranging from one month to a year. Although it does not fulfill the essential benefit requirements mandated by the Affordable Care Act, it functions in a manner similar to long-term health insurance.
Short-term health insurance typically has a low deductible. It may not matter whether you get treatment in or out of a provider network. And there is no open enrollment period.
Pre-existing conditions are generally not covered by short-term health insurance plans. In addition, typical coverage under these plans excludes mental health treatment as well as the costs associated with a regular pregnancy. However, it may provide coverage for pregnancy-related complications.
Premiums are lower than most long-term health insurance. Some providers advertise premiums as low as $2 a day.