What is the value of a short-term health insurance plan?
If you are between jobs (or just left school) you might be uninsured. This is risky in the United States, because one bad accident or sudden illness could leave you with tens of thousands of dollars in hospital bills. The answer is short-term health insurance. You can buy short-term plans that will cover you for a specific chunk of time say one to six months. The catch is they’re usually more expensive than longer-term plans. Also, if you’ve got a serious pre-existing medical condition, you might be out of luck: Many short-term carriers won’t cover you. Coverage for short-term plans can start just 24 hours after an application is submitted.
