3 Benefits of Short Term Health Insurance

Health insurance is something everyone should have—if someone needs to visit a doctor, go to the emergency room, or…

Health insurance is something everyone should have—if someone needs to visit a doctor, go to the emergency room, or even see a specialist, having health insurance can help eliminate some of the financial burdens that come with healthcare. However, regular health insurance plans may not be right for everyone. 

People who are looking for more flexible options, especially college students or people who travel a lot, may benefit more from investing in short term health insurance. But why might short term health insurance be the better option?

It Offers More Flexibility

Generally, when you sign up for health insurance, you have to do it within a certain enrollment period and you can’t make changes until it’s time to renew your insurance. While this works fine for some people, others may need different coverage or may not be able to enroll within the designated time period. 

Fortunately, short-term insurance offers more flexibility that traditional insurance policies. There is generally no enrollment periods with this type of insurance, which allows people to enroll whenever they need to. Whether it’s just for a year while they’re in college or a few months while they’re seeking medical treatment, people can enroll when it’s convenient for them. 

Additionally, coverage for short-term policies can last anywhere from 30 days to a whole year, allowing policyholders to choose the coverage that works best for their needs. So if someone is traveling for a few months and just needs temporary medical insurance, they don’t need to pay for an entire year of insurance. Instead, they can choose a policy that offers coverage for the time they’ll be traveling. All in all, short-term health insurance is more convenient and flexible than other insurance plans.

It Can Be More Affordable

Another great benefit of choosing short-term insurance as opposed to traditional insurance is that short-term policies are often more affordable. If someone is looking for basic coverage for just a few months and they want to avoid having to pay high premiums, short-term insurance may be the way to go. This can be especially beneficial for someone who has already paid for insurance but is waiting for their insurance to start—no one wants to pay more than they have to for insurance. 

Short-term insurance premiums can vary depending on your age, health history, and additional coverage as needed. But even though short-term insurance premiums can vary, these policyholders generally have lower premiums than those with traditional insurance plans.

It Can Cover Gap Insurance

There are many reasons people may want to invest in short-term insurance—people who are traveling and need insurance coverage, college students who need insurance only for a semester, and people who are looking for coverage for medical treatments that will only last for a few months can all benefit from short-term insurance. But even those who do invest in traditional insurance policies can benefit from short-term insurance, too. If you sign up for a traditional insurance plan and it doesn’t start for a few months, do you really want to be uninsured in the meantime? 

Temporary insurance is great because it can allow people who are dealing with a gap in their insurance to still be covered. This way, if someone needs to visit a dental office in Morristown, NJ for dental pain that just can’t wait until their insurance kicks in, they don’t have to worry about paying out-of-pocket.

Short-term or temporary insurance has endless benefits to offer—whether you’re looking for insurance to give you peace of mind while traveling or just need insurance to cover treatment for a few months, investing in short-term insurance can be the way to go.