During times when you have a temporary lapse in health care coverage either because of a new job, a recent layoff, a switch in policy, or any number of other reasons, it is important to make sure that you still have health coverage during the interim period. As we all know, Murphy's Law indicates that even if you are healthy and have not had an accident or sickness for years, it is during the brief period when you are not covered that you will develop appendicitis or fall down a flight of stairs.
Temporary health insurance plans can be a bit more complicated to set up than more tradition plans, so it is probably a good idea to hire the services of an insurance agent who is well versed in temporary health insurance. It is sometimes cost effective to elect for a higher deductible for temporary health insurance since that will keep your premiums lower for the brief period that you are on the coverage. Of course, you will have to decide on the premiums versus deductibles issue on your own based on your health and your expectations for the interim period.
Many temporary health insurance policies list a number of exclusions, or conditions for which they will not pay. Pay very careful attention to this list of conditions before buying temporary health insurance. If you or a family member have or are at risk for a condition on the exclusions list, you will want to look for a different policy.
All temporary health insurance packages allow you to continue coverage after the policy has expired. This may be necessary if your new coverage is delayed for some reason. If you do not need to extend the coverage, then the policy will expire on its own. You do not need to take any action to discontinue a temporary health insurance policy.
Temporary health insurance plans can be a bit more complicated to set up than more tradition plans, so it is probably a good idea to hire the services of an insurance agent who is well versed in temporary health insurance. It is sometimes cost effective to elect for a higher deductible for temporary health insurance since that will keep your premiums lower for the brief period that you are on the coverage. Of course, you will have to decide on the premiums versus deductibles issue on your own based on your health and your expectations for the interim period.
Many temporary health insurance policies list a number of exclusions, or conditions for which they will not pay. Pay very careful attention to this list of conditions before buying temporary health insurance. If you or a family member have or are at risk for a condition on the exclusions list, you will want to look for a different policy.
All temporary health insurance packages allow you to continue coverage after the policy has expired. This may be necessary if your new coverage is delayed for some reason. If you do not need to extend the coverage, then the policy will expire on its own. You do not need to take any action to discontinue a temporary health insurance policy.
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