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Temporary Health Insurance
Temporary health insurance
is very important coverage to have. It is a
plan designed to cover your assets during those periods when you are not able to have a permanent policy. A temporary health insurance plan works well when you are between jobs, where group health insurance benefits would be enjoyed. Laid off from a job and on a COBRA extension that really isn't affordable without a paycheck. Or perhaps waiting to become eligible for benefits at a new job. Sometimes it can work as a student health insurance plan, but often a permanent policy can usually make more sense in this case. Apply it to your situation to
see if it's a fit.
Notice it says, “cover your assets” what’s that about? Temporary health insurance, well all insurance, is purchased to protect against a financial calamity if an unanticipated and catastrophic event should occur. Other than getting a yearly physical exam, paid for by the insurance company, health insurance doesn’t do much to protect health. There is a mis- conception that health insurance is purchased to protect health. People have said to me, “ I’m healthy, so I don’t need health insurance.” They don’t realize that, if they had pre-existing health problems, they couldn’t even buy health insurance, because they would be declined by the insurer.
Insurance is for the unforeseen and unknown future. The one exception to
this is group health insurance where preexisting conditions are covered.
You buy health insurance when you are healthy and do not require care.
I’ve asked a lot of people over the years why they were shopping for
health insurance after going without it for years. Most of them suddenly
understand why we get health insurance. A friend or relative had a major
medical event that caused them to be ruined financially and they don’t
want the same to happen to them.
The cost of temporary health insurance is less than the cost of a regular permanent policy. If a sudden major medical event were to happen to
you without some health insurance to pay for it, you could end up as another bankruptcy statistic. The cost of temporary health insurance is
a good bargain compared to a crushing load of medical bills. We buy
it to protect our financial health and that of our family.
Recommended site for temporary health insurance quotes.
Insurance Information
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Disclaimer: The above statements are the opinion of the author and do not necessarily reflect the
opinions of All Insurance Information.com. The opinions and examples shown above do not point to
any specific insurance companies or their policies nor intends to give legal or medical advise.
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