Short List Of Benefits In Short Term Insurance
There is a wide range of possibilities that people encounter every day. These possibilities can also be interpreted as opportunities that can move people to make choices in their lives.
The choices that they will make will translate into more changes like in their lifestyles, preferences, and even in their insurance choice. Health insurance just like any other insurance policy is a risk based mutual agreement entered upon by the policy holders and insurance companies. Due to the different lifestyles and needs of people insurance companies are made to offer different insurance plans to cater to these diverse needs, one of these is short term health insurance.
Short term insurance works the same as any other insurance policies available in the market today, but there are some notable differences in their limits and coverage packages. Temporary or short term insurance would just last in a definite and determined time frame, which means that the coverage package included in the policy will only be applicable at the specified time frame. The time frame of most short term insurance is six to twelve months, but there are cases where in the policy is only valid for as short as thirty days. Short term insurance policies are bought by those who only need seasoned insurance like, job requirement and contractual jobs.
The main difference between a short term and long term medical insurance policies can be found in their coverage. Short term insurance in general excludes pre- existing conditions from their covered list of medical needs. It also excludes preventive medical care needs like physicals. Short term insurance also renders its holders ineligible for any guaranteed insurance coverage. Guaranteed insurance coverage is the term where the policy holders regardless of their medical condition prior to policy application are not taken into consideration which means that they are fully covered.
On the other hand, short term insurance policies are considered to be some of the low cost health insurance policies. They trade the economics part of the insurance business with the comprehensiveness of the coverage of the policy. Short term insurance is not advisable to those who can pay fully for a much better insurance policy. But unfortunately, short term insurance is the only option for some like students, temporary workers, and people in-between jobs. Short term insurance is good for them because it is easier to qualify for and is relatively cheaper. For someone with a short time need to carry insurance coverage, maybe it is for the best that they get short term insurance policy. - 23211
The choices that they will make will translate into more changes like in their lifestyles, preferences, and even in their insurance choice. Health insurance just like any other insurance policy is a risk based mutual agreement entered upon by the policy holders and insurance companies. Due to the different lifestyles and needs of people insurance companies are made to offer different insurance plans to cater to these diverse needs, one of these is short term health insurance.
Short term insurance works the same as any other insurance policies available in the market today, but there are some notable differences in their limits and coverage packages. Temporary or short term insurance would just last in a definite and determined time frame, which means that the coverage package included in the policy will only be applicable at the specified time frame. The time frame of most short term insurance is six to twelve months, but there are cases where in the policy is only valid for as short as thirty days. Short term insurance policies are bought by those who only need seasoned insurance like, job requirement and contractual jobs.
The main difference between a short term and long term medical insurance policies can be found in their coverage. Short term insurance in general excludes pre- existing conditions from their covered list of medical needs. It also excludes preventive medical care needs like physicals. Short term insurance also renders its holders ineligible for any guaranteed insurance coverage. Guaranteed insurance coverage is the term where the policy holders regardless of their medical condition prior to policy application are not taken into consideration which means that they are fully covered.
On the other hand, short term insurance policies are considered to be some of the low cost health insurance policies. They trade the economics part of the insurance business with the comprehensiveness of the coverage of the policy. Short term insurance is not advisable to those who can pay fully for a much better insurance policy. But unfortunately, short term insurance is the only option for some like students, temporary workers, and people in-between jobs. Short term insurance is good for them because it is easier to qualify for and is relatively cheaper. For someone with a short time need to carry insurance coverage, maybe it is for the best that they get short term insurance policy. - 23211
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posted by X - Men @ 3:23 AM
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