Who should get short-term health insurance?

Short-term insurance can be a great option for those who need temporary health coverage without committing to a long-term policy. This type of plan may be right for you if:

  • You are transitioning between jobs or health plans
  • You have recently graduated from college and need a bridge before starting your job's HMO/PPO plan
  • You leave your current job but don't qualify for COBRA benefits
  • You wait too long to get on the Affordable Care Act exchange, or there is an emergency situation.

Short-term plans usually have lower premiums, more flexibility, and customizable options than traditional long-term health insurance policies. Be sure to review all of your insurance options carefully before making the decision that's best for you.

What are the advantages and disadvantages of short-term health insurance plan?

The advantages of short-term medical insurance plans include

  • Low premiums
  • Flexible coverage options
  • Ability to bridge gaps in healthcare coverage.

The disadvantages of short-term life insurance policies include

  • Limited benefits compared to other types of life insurance plans
  • Shorter coverage terms (typically 1-6 months)
  • The potential for pre-existing condition exclusions

Be sure to review your options carefully before deciding what type of plan is right for you.

Health insurance FAQs

Do short-term health insurance plans cover pre-existing conditions?

Traditional short-term plans typically do not offer protection against pre-existing health conditions, while an Affordable Care Act-compliant High Deductible Health Plan covers such ailments.