Posts Tagged ‘health insurance coverage’

Short Term Health Insurance Coverage

Monday, June 2nd, 2008
Many short term health insurance plans have a minimum insurance coverage period of 30 days. Even if you only need coverage for less than 30 days, you can either:
  • Make a single payment upfront for 30 days of short term insurance coverage, or
  • Select the monthly payment option, and then cancel your short term insurance coverage when you no longer need it. Please note that you will not be refunded for partial months of insurance coverage.

How soon can short term insurance coverage start?

Monday, June 2nd, 2008
Short term health insurance for many insurance plans can start as soon as 24 hours after the insurance application is submitted. In order for insurance coverage to start promptly, you can make your first premium payment with your application.
 
If you would prefer to have your short term health insurance coverage start later, you can select a date up to 30 days in the future.

What is Short Term Health Insurance?

Monday, June 2nd, 2008
Short term health insurance plans provide you with health insurance coverage for a limited period of time, & may be an ideal solution for those between jobs or those waiting for other health insurance to start. Typically, short term insurance plans offer health insurance coverage up to six months, although some plans may offer coverage up to 12 months. If you think you’ll need health insurance coverage for a longer period of time, you may want to look at a longer term health insurance option like our individual health insurance and family health insurance plans.
 
The application process for short term health insurance is usually simpler than standard, longer-term health insurance. Short term health insurance plans are designed to protect against unforeseen accidents or illnesses, rather than to provide comprehensive coverage, and, as such, typically do not include coverage for preventive care, physicals, immunizations, dental or vision care.
 
Purchasing a short term medical insurance plan will make you ineligible for any guaranteed issue individual health insurance plans commonly referred to as HIPAA Plans. HIPAA plans are usually very expensive and are generally intended for people with pre-existing medical conditions who would have trouble getting health insurance otherwise. If you wish to maintain your eligibility for HIPAA plans, you should not purchase a short-term plan. Please consult your benefits advisor to discuss your rights under the Health Insurance Portability and Accountability Act (HIPAA) and other rights under state law.
 
Short term health insurance plans usually do not cover pre-existing medical conditions. The definition of a pre-existing medical condition varies by state and carrier, but usually short term health insurance policies exclude coverage for medical conditions that have been diagnosed or treated within the previous 3 to 5 years. If you have an existing medical condition, you may want to research whether you can extend your current health insurance. Employer sponsored health insurance can be extended under a government-regulated option commonly referred to as COBRA, which you should seriously consider if you have an existing medical condition.

Obama debates McCain health care plan

Monday, May 19th, 2008

Barack Obama has already argued a lot with Hillary Clinton about their respective health-care plans. Now he’s shifting the debate to John McCain, with whom he has much broader policy differences.

Obama and rival Hillary Clinton are both pushing universal health-care plans that would expand government’s responsibility while also keeping a role for private insurance. McCain wants to shift health insurance tax breaks from employer-sponsored insurance to individuals and families, who could apply a tax credit to insurance they buy on an open, less-regulated market.

McCain’s also alluded to taking steps to make it easier for the sick to get coverage in that market. (See more here on how both sides are making compromises that make their plans more centrist.)

Campaigning in Oregon this past weekend, Obama said not so fast on the Republican’s plan. McCain, Obama said, “wants to give you the failed Bush health-care policies for another four years,” according to the Chicago Tribune. And what has Bush done on health care? Nothing, Obama said, “except offer a few tax breaks to some folks who don’t really need them.”

Obama added that McCain would “shred” employer-based health care and leave every American to “fend for yourself” in the free market, according to the Tribune.

A McCain spokesman responded that Obama and Clinton “want to insert government bureaucracy into your medicine cabinet, while John McCain is committed to keeping America’s top-quality doctors, and reforming the system so that health-care plans would be made available, accessible and affordable for families.”

Health Blog McCain Bonus: In an opinion piece in the Dallas Morning News, Jonathan Cohn questions whether the sick would be able to get coverage under McCain’s plan, even if provisions are enacted to try to make it easier. The problem remains that insurers “generally won’t offer coverage directly to people with ‘pre-existing conditions,’ since they represent such bad financial risks.”

For a free health insurance coverage quote, visit http://www.healthbenefitsdirect.com/