Short term major medical insurance in the US is for those people who are leave their employment are in between jobs, which means that they are also in between permanent medical insurance.
A short term major medical insurance is a temporary insurance, as the name suggests, and is ideal for the follow people:
- People who are 65 or younger and not yet entitled and eligible for Medicare
- Full time students, who are below the age of 25 years
- Children who are 19 and above but are dependent on their parents
- Children who are aged between 2 and 18
- People who are between jobs
Thankfully in the US, there are many insurance companies that offer short term major medical insurance and the good news is that these companies offer competitive rates so that you can avail the benefits if the need arises.
In the United States, you can get short term major health insurance that provides health benefits up to $2 million and the deductible amount varies for each type of policy. You have the choice of paying $250, $500, $1,000 or even $2,500. The best option for people who are in between jobs is opt for a 50/50 copay plan; where you pay 50 percent for the medical treatment and the insurance company plans the balance.
When taking a short term major health insurance, you have to be aware that your insurance will not cover preventive care, routine medical exams, pre-existing conditions and/or work-related medical conditions.
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