All You Need To Know About Short Term Health Insurance Coverage

Short term health insurance coverage provides less expensive and flexible cover against illness and injuries. These kinds of plans are basically useful for healthy people because of low cost and high coverage. These policies are issued for a period of one to sixth months and after they expire they can’t be renewed but companies offer similar policies after the existing expires. The policy holder can pay on monthly basis or can have single payment choice but the main advantage of it is that it can be dropped as per your wish.

Short term plans have several advantages such as:

• 1. No need for physical examination.
  2. Application process is very simple with minimum paperwork.
  3. The health coverage becomes effective as soon as the company receives your first premium.

Besides this there are certain disadvantages:

• 1. Pre-existing health conditions are not covered under this plan.
  2. Childbirth and pregnancy bills are not covered under these plans.
  3. A person with pre-existing bad health conditions may find difficult to get this policy and if he finds one then it will be costly.

Short-term policies are only temporary measures and for regular health insurance cover, long-term policy is must.