Short-term insurance is health insurance that lasts a specified amount of time. It is designed to meet a specific need, such as filling a gap between jobs, or to provide coverage to a student between semesters. While the benefits are often similar to a “permanent” health insurance policy, there are usually limits on overall coverage or on specific benefits like the number of covered doctor office visits in a year.
One of the most beneficial parts of a short-term insurance policy is the reduced underwriting requirements. It is often much easier to acquire a short-term insurance policy while dealing with a minor pre-existing condition than to get past the tougher underwriting of a “permanent” plan. Most of a person’s medical needs can be met by a short-term insurance plan without much of the hassle of getting approved for a more stringent, and often more expensive, plan. It is always best to consult with a trained and licensed insurance agent to be sure your specific needs are being met.