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Fill Insurance Gaps With Short-Term Health Insurance

Individual short-term health insurance may be a great option if you need to fill a gap in health coverage. This could be because you are newly unemployed and COBRA is too expensive, or because you are waiting for another health plan to kick in.

Since temporary healthcare coverage does not need to comply with the rules set by the Affordable Care Act (also known as Obamacare), it is important to understand how they work before you commit to one.

First, as the name suggests, these plans are temporary. You enroll in a short-term health plan for 3 months or longer. However, if you need temporary health insurance for more than a year, you may have fewer options to choose from.

Before you purchase short-term health insurance, make sure you know the answers to these questions:

  • Does the plan cover prescriptions?
  • How high are the deductibles for the services I might need?
  • What kind of coverage, if any, does the plan offer for preventive care?
  • Are there any benefits I am willing to sacrifice for a lower premium?

The best short-term health plan will vary from person to person depending on each individual’s needs and priorities.

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