9 Frequently Asked Questions About Short-Term Health Insurance

Life happens.

Your best-laid plans don’t always go the way you want.

You may find yourself in a situation in which you’re without health insurance coverage.

Short-term health insurance may be the lifesaver you need for this unique period in your life.

If you’re not sure what this type of coverage is all about, here are the answers to some of the most commonly asked questions.

1. What is short-term health insurance?

This kind of health insurance will only cover you for a brief time – generally from 6 to 12 month, though they could be as one month.

2. When would you need the health insurance?

A short-term policy is a good solution when you find yourself unexpectedly without coverage.

Some of the special circumstances you may encounter include:

  • Turning 26 and no longer having coverage through your parents.
  • A job layoff.
  • Graduating from college.
  • Transitioning to a new job and the insurance through your employer hasn’t started yet.

3. What are your options when your short-term policy expires?

If your coverage is close to expiring and you’re still in need of insurance, you can usually reapply for another short-term life insurance plan.

It’s important to note that a short-term policy cannot be renewed or extended. When you reapply, it will be for a new policy.

You’ll want to consult with your trusted life insurance professional to make sure the new plan meets your needs. Many people assume that their new policy will act as a continuation of their old one, which isn’t the case.

In addition, some companies have guidelines about the total length of time you’re allowed to be covered.

4. What will a short-term health insurance plan cover?

Keep in mind that a short-term plan won’t provide the comprehensive coverage that a regular health insurance policy would.

It won’t cover physical exams, dental or vision care.

Your short-term plan will offer you limited benefits to protect you and your family from accidents or unexpected illnesses.

5. Will short-term health insurance cover your pre-existing condition?

The conditions that are considered pre-existing vary from state to state but they are usually conditions that have been diagnosed or treated within the last three to five years.

Unlike most other health insurance plans, a short-term policy typically won’t cover a pre-existing condition.

It’s always best to check with an expert, though.

6. Is the application process different for a short-term plan?

Due to the limited length of the policy, the application process is simpler than the one you’ll complete for a comprehensive plan.

Often, you’ll find out right away if you’re approved.

7. What can you do if you need coverage for less than a month?

Some policies will require a minimum of 30 days of coverage.

Be sure to cancel the insurance as soon as you don’t need it anymore.

8. Can your spouse and children be added to your short-term health insurance policy?

Your spouse who is under the age of 65 and/or your dependents who are under age 19 can be covered.

Unmarried children under age 25 may be eligible if they are a full-time student in an accredited school or college.

In the case of a child between the ages of 19 and 25, it’s best to consult your health insurance expert because eligibility varies from state to state.

9. What about prescription medications?

Prescription coverage varies by individual carriers, however, there are some generalities.

Most of the time, inpatient charges for prescription drugs will be covered while outpatient prescription medications will not.

Deciding if short-term health insurance is for you

If you find yourself in a sticky health insurance situation, a short-term plan may be the perfect option to carry you through until you’re able to secure more permanent coverage.

The only way to know for sure and to make sure you’re getting the best match between coverage and your needs is to get the advice of an insurance professional.

They have the knowledge and expertise to find a plan for you that’s personally suited to you.

Do you have a potential need for short-term health insurance?

Insurance Young Family

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