What is Short Term Medical care insurance
Short term health care insurance is temporary medical care insurance and is designed for people who are in between permanent health plans. Temporary medical insurance in the usa is available and well suited for those who are unemployed, between jobs, have just finished college and awaiting that perfect job, retired or an alternative to COBRA. There are many medical insurance companies offering this type of medical care coverage. This medical insurance plan provides many insurance benefits while keeping the premiums reasonably competitive.
Listed below are the following people who can apply underneath the various plans of Temporary medical insurance
oThose who are 65 years or younger and therefore are not entitled to Medicare. Both the person and their spouse qualify under the scheme.
oChildren that are aged between 2 – 18 years old and are dependent may also be eligible.
oThose that are full time students and therefore are below Two-and-a-half decades of age
oChildren who are of 19 years and above but they are dependent on their parents are also eligible but should apply separately.
Dollar Value Benefits
The huge benefits are provided per person insured around 2 million and also the deductible amounts may differ from $250, $500, $1000 and $2500. These benefits will accrue for the person following your deductibles are completed. The Short term medical insurance companies normally provide for a 50/50 copay plan (you have to pay half, your insurer pays half) or an 80/20 plan the location where the insurance company pays 80% from the cost and you also pay 20%. These plans do not cover preventive care, routine medical exams, or pre-existing medical conditions
Since the plans offered under Short term medical insurance in the US are not HMOs or PPOs, the insured can select any doctor or any preferred network. Short term medical insurance in the US is given for any very short time period, although these policies can usually be renewed following the expiration date. Any condition that occurs during this period is treated being a pre existing condition throughout the coverage of the renewed insurance coverage. Those who are over 64 years old and wish to get a renewal won’t be eligible for a renewal under the Short term medical policy.