Short Term Health Insurance Brokers
There are a number of reasons why an individual or family might be looking for short term health insurance coverage and finding the right policy that has the necessary coverage at a price that is affordable might seem a bit overwhelming. While it is possible to contact individual insurance companies to get a quote, it would be better to find short term health insurance brokers who can provide multiple quotes for you with minimal effort. However, before seeking a broker, it would be a good idea to understand the difference between short term health insurance and standard health insurance policies.
Short Term vs. Long Term Health Insurance
The number one reason for seeking short term health insurance is to find major medical emergency type coverage in between jobs. Most places of employment offer some type of health insurance plan and when people find themselves in between places of employment, they are left without coverage. However, short term health insurance is usually only written for unexpected illnesses or accidents that can be quite costly, especially if in-hospital care is required.
This type of coverage is not comprehensive and usually do not cover such things as dental, vision or any kind of preventative treatment or immunizations. Most often short term health insurance policies are written for a term no longer than six months. If a policy will be needed for a greater time period, then a more comprehensive policy should be considered.
Benefits of Finding an Insurance Broker
One of the reasons it would be beneficial to speak with short term health insurance brokers is because of the number of companies they work with. When dealing with most agents you have to realize that they work for insurance companies and will only be able to provide quotes for their company. While there are independent licensed agents, most often you will find that they work for and with a broker.
Also, you will be able to discuss what your needs are so that the broker can match you with the right type of coverage. Each person has individual needs, which means that no one policy or no one insurance company is right for everyone. Based on information you provide, a short term health insurance broker can provide quotes from companies with the type of coverage most appropriate for you.
Before Talking to an Insurance Broker
There are a few things you should consider before looking for short term health insurance. The first thing to be aware of is the fact that short term health insurance would most likely not cover pre-existing conditions. While standard long term coverage has a waiting period of one to two years, that wouldn’t be available for short term health coverage since the policy is written for a period of up to six months.
Secondly, if you still have health insurance from your previous place of employment then government regulated COBRA might be a better option. Find out what your premiums would be to continue your current plan under COBRA and then get rates from a short term insurance broker. Your current insurance plan, if you can afford the premiums, might have better coverage but short term insurance might be cheaper. Once you know what you are dealing with in terms of cost, the decision will be easier to make.
Finding a short term health insurance broker is quite easy to do with a simple online search. Remember, since brokers are not obligated to sell insurance for any one company they have more than 180 different health insurance companies they can help you choose from and literally thousands of plans as well. Compare several quotes they provide and you will find the right policy at a cost you can afford.