In general, short term health coverage aim to cater to both individuals and families alike that are basically undergoing some form of transitioning in their lives that involve being temporarily without any form of a health plan.
Who Can Benefit from Short Term Health Coverage?
Individuals who can benefit from this coverage include the following:
People Who Are in between Jobs
People who are between jobs are perhaps the largest group of people who benefit from these policies
Newly hired People
Newly hired people might have to wait for some time before they become eligible for their company’s group health plan. The waiting period can be up to six months from the date of commencement of employment. Therefore, a short term health insurance policy would be ideal during this period
People Who Work on Seasonal or Temporary Jobs
People who have not yet landed full-time jobs can use short term coverage in the meantime. Recent college graduates not covered by their parent’s health insurance plan are also prime candidates for these policies
People Who Have Applied For Private-Market Policies
People who have applied for a private-market policy can apply for short term health coverage before they are granted a standard insurance policy. This ensures that they have a health policy to cover them even if their applications are not successful
People on Strike or Early Retirees
People who retire early or are on strike can apply for short term health insurance coverage.
In addition, people who are waiting for their employer benefits and non-US citizens who are living temporarily in the US can also apply for such health coverage.
Most short term health coverage plans last between 1 and 6 months and are renewable for a maximum of 36 months. The benefits of the coverage vary from one plan to another with some plans offering up to $5 million in coverage. The process of making an application for temporary health coverage is quite simple and straightforward and an applicant can get a policy the very next day after making the application.
Short term health insurance policies come with highly specific limitations as well as exclusions. As such, it is very important for individuals to read a policy carefully before purchasing it. These policies typically do not cover any preexisting medical conditions, where the term “pre-existing” generally refers to any medical condition that an applicant might have had at least 3 years prior to applying for coverage.
short term Health Coverage in Florida
There is every reason why you should get short term health coverage. Statistics show that the mortality rate of uninsured people for diseases such as cancer is significantly higher than for people with insurance. This is mainly because of the fact that people without insurance often tend to delay seeking treatment until it is too late. The process of getting short term health coverage in Florida is neither difficult nor complicated. In Florida, one can get this type of health coverage through one of the following three ways:
• Through Government-Subsidized Programs.
• Through direct purchase plans.
• Through organization-related coverage.
Rights and Protections for short term Health Coverage in Florida
A person who applies for short term health coverage in Florida might be eligible for certain rights and protections depending on whether one makes an application as an individual or as part of a group. When you purchase health insurance directly as an individual instead of the usual route of doing it through a union, employer, group, or small business plan, your insurer will not guarantee your health insurance in Florida. If you have a pre-existing health condition, private insurers might decide to charge you higher premiums or refuse you coverage altogether. For women with breast cancer, however, it is against the law for the insurance company to deny them coverage if they received treatment for the condition more than 2 years prior to making an application. When you apply for short term health coverage in Florida, your insurer is likely to consider any condition for which you either sought treatment for, or in the opinion of the insurer, ought to have sought treatment for in the 2 year period prior to the beginning of the policy.
For successful applicants, the monthly premiums typically depend on various factors including the age of the applicant, which is actually the most important factor. Here, people in their 50s might have to pay hundreds of dollars more than people in their 20s for similar benefits. If you seek coverage through a group insurance plan, then insurers cannot turn you away or charge you more because of your health status. However, if you happen to make a claim in the first year of your policy, the insurer can still look 6 months back prior to the start of your policy and deny you coverage if the condition existed then.