Health Insurance - Is Short-term Coverage Really Necessary?
When people think of health insurance, they usually think of traditional health insurance, with office visits, co-payments, and prescription coverage. However, such health insurance isn't always available. Perhaps you're transitioning from one job to another; or maybe you're employed part-time or with a temporary agency that doesn't offer full health coverage; or you might be attending or just graduating from school. In these situations, traditional health insurance is sometimes not available. If you're unable to afford traditional health insurance but would like some coverage in the case of an accident or emergency, short-term health insurance is your best bet.
Short-term health insurance is a private mutual company which focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products. A Fortune 500 company, its revenues for 2007 were over $6.8 billion.American Family's history began on October 3, 1927, when insurance salesman Herman opened the doors of Farmers Mutual Insurance Company in Madison, Wisconsin (not to be confused with the Farmers Insurance Group). At the time, the company's only product was auto insurance and its target market was farmers. He believed farmers presented lower risks than city drivers because they drove less often and not at all in the winter.Over the years, Farmers Mutual expanded its market and product line to meet the changing needs of its customers. In 1963, Farmers Mutual changed its name to American Family Mutual Insurance Company to reflect its broader customer base.
There is wide variability in the costs of short-term health insurance; there is the monthly premium, which can range from $25 to $100, dependent on the coverage of the plan its deductible, often beginning at $250 often increasing to $5,000 or more. The majority of policies in recent times provide respectable pay-out totals (which can be one to two million dollars). Policies give you the option to select coverage lasting specified lengths of time, anywhere from 30 to 90 days or up to 6 months, however few of these short-term policies last longer than one year.
What is the process to use to find short-term health insurance? The easiest way to start is to search the internet for companies that offer coverage in your area. This will also make it easier for you to compare policies of different insurers via instant health insurance quotes. You will need to compare features such as maximum pay-out, deductibles, hospitals and doctors in the plan and other features.
Comparing health insurance quotes just got easier. Now you can receive up to 5 FREE instant health insurance quotes from major insurers by completing our short 4-minute form! Just a few minutes of time now could save you thousands of dollars.
Click the XML Icon Above to Receive Insurance Articles Via RSS!
