Who Needs Short Term and Temporary Health Insurance?
Because of its low cost, high coverage amounts and fast purchase process, short term health insurance serves an important function for certain groups of healthy people: • Part-time and temporary employees are among the most likely individuals of short term health insurance as many corporate plans do not cover part-timers. • People between jobs are also among the most likely in need of temporary medical insurance. Many people who are laid off or are between jobs can continue coverage with their previous employer under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) for up to 36 months depending upon the circumstances, until a new employer’s plan kicks in. However, some individuals might experience shock when learning what their COBRA premiums will be in order to maintain a corporate plan. If COBRA premiums are too high for your budget, and you don’t need coverage for pre-existing conditions, an affordable short term policy with lower premiums might be the solution for
