| Short term health insurance is a great | | | | short-term health insurance and carry COBRA |
| product for those transition periods between | | | | coverage for yourself. This savings can still |
| employers. The policy offers options for the | | | | be substantial. |
| number of months you want coverage and some | | | | |
| allow a one-time renewal without qualifying | | | | HIPPA guarantees that you have the right to |
| health questions. This feature is important, | | | | buy coverage and are exempt from the |
| so read each application carefully. | | | | pre-existing conditions exclusion if you |
| | | | follow a few steps. You must have had 18 |
| Today, no one can afford to go without health | | | | months of continuous coverage under a group |
| coverage. When you consider that a week in | | | | plan, use up any COBRA, not be eligible for |
| intensive care can run upward of $250,000, a | | | | Medicare or Medicaid and apply within 63 days |
| major accident or illness can destroy your | | | | of losing your previous coverage. Finding |
| entire financial future. Even less | | | | good health coverage in that period is |
| catastrophic health problems can set you back | | | | imperative to those whose health is less than |
| for years. Health insurance is the only | | | | perfect. |
| affordable way to handle most medical | | | | |
| problems. If you develop a major medical | | | | If your need is just between jobs, between |
| problem when you don't have coverage, | | | | college and your first job, after retirement |
| insurance companies can deny or postpone | | | | but not quite at Medicare, or while you wait |
| future coverage due to pre-existing | | | | for your new employer's plan to start, then |
| conditions. In other words, you don't want | | | | short-term health insurance may be just what |
| to go even for one millisecond if you have a | | | | you need. The premiums are frequently a lot |
| pre-existing condition, since with continuous | | | | less expensive than the traditional health |
| coverage with no lapse in coverage, the | | | | care plan and coverage is almost immediate in |
| pre-existing condition has no bearing on your | | | | most cases. |
| situation, but if you had even a momentary | | | | |
| lapse in coverage can make your pre-existing | | | | If you determine that you have a need that is |
| condition a coverage issue. | | | | longer than short-term health policies cover, |
| | | | consider a plan with a health care savings |
| When you leave a job, you get the option for | | | | account and a higher deductible. This type of |
| coverage under COBRA. These plans are often | | | | plan is particularly good for those that |
| quite expensive but very worthwhile if you | | | | seldom go to the doctor. As the savings plan |
| have pre-existing health conditions. If you | | | | grows, you increase your deductible, and |
| and your family are healthy, then a | | | | therefore shrink you premium payment even |
| short-term policy could mean hundreds of | | | | further. Don't forget to sign up for a |
| dollars of savings for you when you compare | | | | short-term health policy while you wait for |
| the rates to COBRA. If you have pre-existing | | | | the company to accept you for coverage. No |
| conditions, you may not be able to get | | | | one can afford to go even one day without |
| coverage. What if your children are healthy | | | | some form of health insurance. |
| and you aren't? Then cover the children with | | | | |