What types of situations give rise to a need for short term medical insurance?
Several commonly occurring situations create a possible need for short term medical insurance. Individuals who are between jobs and are temporarily without employer-provided health insurance, individuals laid-off from their jobs, and individuals gaining new employment who must satisfy a waiting period before the employer’s health coverage starts are likely candidates for short term medical insurance. Graduating students and college students who temporarily lose coverage under their parents’ insurance because of a reduction in credit hours (i.e., reclassified from a full-time student to a part-time student) may also need short term medical insurance. Since this coverage can usually be purchased for any prescribed number of days from a minimum of 30 days to a maximum of 180 or 185 days, a coverage period can be chosen that matches exactly the anticipated need. How broad is the benefit coverage under short term medical insurance? Generally speaking, short term medical insurance plans prov
