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Temporary Health Insurance Advantages

Temporary Health Insurance Advantages

Temporary health insurance or term health insurance is designed to bridge gaps in healthcare coverage. Temporary medical insurance plans are no substitute for ACA health insurance plans. However, many young, healthy individuals choose to purchase short term health insurance to save money, or they feel that they don’t need many of the benefits that ACA compliant health insurance provides.

These are some of the benefits of temporary health insurance plans:

  • Year-Round Availability

    ACA compliant health insurance plans are available only during an annual open enrollment period which is from November 1, 2017, through December 15, 2017, for coverage in 2018. ACA health insurance enrollment is only possible outside the open enrollment period if you qualify for Special Enrollment, available under limited circumstances.

    On the other hand, you can purchase temporary health insurance at any time.

  • Low Cost and Budget Friendly

    Compared to ACA health insurance plans, temporary health insurance costs significantly less, even up to two or three times less than bronze level ACA health insurance.

    For example, if a single male enrolls in an ACA compliant plan that includes maternity coverage, he is paying for something he does not need. In this case, short term medical insurance would be more affordable for him because it does not cover maternity. You can use the savings in premium to buy other necessary coverage such as dental or vision.

  • Next Day Coverage

    Short term health insurance can start early as the next day or any future date you specify.

  • Easy & Quick Online Application

    Applying for short term medical insurance is easy and quick through an instant online application on this website. You can be approved within minutes.

  • Flexible

    Several gap health insurance plans are available. These plans provide a wide variety of deductible, coinsurance and policy maximum choices.

  • Cancel Anytime

    Most short term health insurance plans allow you to cancel at any time without penalty. If you make monthly payments, you can simply stop paying for subsequent payments when you no longer need coverage.

    Some temporary health insurance plans also return the unused portion of your premium if you cancel coverage before the expiration date.

  • Urgent Care

    Many temporary health insurance plans waive the deductible for a visit to urgent care. If you visit urgent care, you are only responsible for copay.

    On the other hand, in ACA compliant catastrophic plans, you have to pay a high deductible (almost $7,000) before the plan starts covering anything.

  • Wide Network

    In many states, ACA insurance plans for individuals and families no longer have PPO plans, only HMO. That means you have to visit a Primary Care Physician (PCP) to get a referral to a specialist. Also, HMO plans don’t provide any out-of-network coverage. Catastrophic plans have a narrow network of fewer doctors and hospitals in-network.

    On the other hand, temporary health insurance plans have a wide PPO network, or you can visit any provider of your choice.

    You may need out-of-network coverage for many reasons: Your favorite physician or hospital is not in the network; the doctor who provides specialized care is not in the network; even if you visit a hospital in the network, other caregivers such as the anesthetist are not in the network.

Temporary health insurance has many advantages, but it also has limitations. You should review all plans carefully before purchasing.

Did you know?

Prices are regulated by law.

You cannot find a lower price anywhere for the same product.

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Why purchase insurance from Insubuy®?

Same Price. Better Service.®

There are many advantages in purchasing from Insubuy® and no disadvantages.

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Visiting USA?

Healthcare costs are very high in the U.S.

Buy U.S. based visitors insurance and enjoy your trip.

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Traveling abroad?

Did you know that your insurance may not cover you abroad or that it may only provide limited coverage?

Purchase travel medical insurance that includes emergency medical evacuation.

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New immigrant to USA?

You would not be eligible to enroll in Medicare for the first 5 years.

Purchase new immigrant medical insurance to bridge the gap.

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Going on a vacation?

You could lose your non-refundable trip costs if you had to cancel your trip.

Buy a trip cancellation insurance package plan and be worry-free.

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Are you an exchange visitor to USA?

The U.S. Department of State requires all J visa holders to purchase compliant insurance.

Buy J visa medical insurance to meet your requirements.

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Traveling to Europe?

Schengen countries require most non-US citizens to purchase Schengen visa insurance.

Make an instant purchase online and get instant visa letter.

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Traveling frequently throughout the year?

You don’t need to purchase travel insurance for every trip.

Purchase annual multi trip travel insurance for your travels.

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International student in the U.S.?

Most schools require international students to purchase health insurance.

Purchase international student health insurance that meets most school requirements.

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