When someone loses their health insurance due to a job loss or divorce it can be a scary time. You should not have to worry about the security of health insurance. Interim health insurance can provide a safety net during these times.
If you would like the security of health insurance until you secure permanent health insurance interim health insurance is the solution. You can purchase as long as you need. Usually 1-12 months. Most insurers will allow you to extend coverage if you need to.
To compare shop for these plans is smart. They best way to do that is online. These plans tend to be very close as far as benefits go, but rates can vary sometimes drastically. Another thing to look at is payment for premium. Some allow you to make monthly installments, while others require total payment up front.
These plans will cover the basics, hospitalization, emergency care, x-ray, lab and prescriptions. These benefits are usually covered once a deductible is meet. They will not cover any pre existing condition however. They also do not cover routine or preventative visits to your doctor.
HIPPA legislation does not apply to interim health insurance. So if you have a pre exisiting condition they could, decline coverage or exclude that condition. Also, they do not have to renew your policy like traditional insurance does.
These plans are already low cost, but you can do some things to make it even more affordable. What many people do is take a high deductible. They find $5000 dollars to be a comfortable deductible since this insurance is only for a short time. You could pay as little as $1 a day for one of these plans.
Even a high deductible plan is better then nothing. Jack purchases a plan with $7500 deductible, 80/20 co insurance and $10000 out of pocket max.. Jack had a heart attack and had to stay in intensive care for 5 days. His total bill was $125,000. Jack must pay his deductible of $7500. That leaves $117,500. He must pay 20% up to $2500 of the $117,500. So Jack paid $10,000 and the insurer paid $115,000.
Risking going without insurance can be costly as you can see by the example. A trip to the hospital can be a big expense to you. If you had to pay it all out of pocket you may be in financial trouble. - 15784
If you would like the security of health insurance until you secure permanent health insurance interim health insurance is the solution. You can purchase as long as you need. Usually 1-12 months. Most insurers will allow you to extend coverage if you need to.
To compare shop for these plans is smart. They best way to do that is online. These plans tend to be very close as far as benefits go, but rates can vary sometimes drastically. Another thing to look at is payment for premium. Some allow you to make monthly installments, while others require total payment up front.
These plans will cover the basics, hospitalization, emergency care, x-ray, lab and prescriptions. These benefits are usually covered once a deductible is meet. They will not cover any pre existing condition however. They also do not cover routine or preventative visits to your doctor.
HIPPA legislation does not apply to interim health insurance. So if you have a pre exisiting condition they could, decline coverage or exclude that condition. Also, they do not have to renew your policy like traditional insurance does.
These plans are already low cost, but you can do some things to make it even more affordable. What many people do is take a high deductible. They find $5000 dollars to be a comfortable deductible since this insurance is only for a short time. You could pay as little as $1 a day for one of these plans.
Even a high deductible plan is better then nothing. Jack purchases a plan with $7500 deductible, 80/20 co insurance and $10000 out of pocket max.. Jack had a heart attack and had to stay in intensive care for 5 days. His total bill was $125,000. Jack must pay his deductible of $7500. That leaves $117,500. He must pay 20% up to $2500 of the $117,500. So Jack paid $10,000 and the insurer paid $115,000.
Risking going without insurance can be costly as you can see by the example. A trip to the hospital can be a big expense to you. If you had to pay it all out of pocket you may be in financial trouble. - 15784
About the Author:
Broker Jeff Cline is here to help your needs and help you get interim health insurance to give you coverage during you time of need. Jeff can also help you get permanentindividual health insurance. Call him anytime for assistance. His toll free number is 866.526.9669.