North Carolina residents do you need short term medical insurance coverage? Enroll now for affordable health insurance for your family needs.
Short term health insurance is a type of health plan that can provide you with temporary medical coverage when you are between health plans, outside enrollment periods, and need some coverage in case of an emergency.
Short-term health insurance offers a stopgap coverage option for those temporarily not covered by other types of health insurance, such as employer-sponsored insurance, group health insurance, and individual plans purchased on the ACA marketplace.
Short term medical insurance is useful to a wide variety of people in many situations:
- In between jobs – If you have been laid off and you’re looking for a new job, your budget may be tight, but medical emergencies can happen at any time. You should consider purchasing short term health insurance, just in case.
- Missed open enrollment for ACA compliant health insurance and don’t qualify for Special Enrollment.
- Has a waiting period before being eligible to enroll in health insurance at new job.
- Waiting for ACA compliant health insurance to begin.
- Early retirees under the age of 65 years who are in overall good health.
- In need of short-term alternative to COBRA insurance.
- Young retirees who have recently left employer-sponsored health insurance and are waiting for enrollment in Medicare.
- New immigrants to the USA – Until finding a job that offers employer-sponsored health insurance or enrolling in an ACA compliant plan during open enrollment, new immigrants to the USA should consider purchasing short term health insurance.
- Lost coverage due to divorce or death of spouse.
- Recent graduates including international students on OPT.
- Rolling off parents’ health insurance due to aging out or other reasons – Once you graduate, you may no longer be eligible for school insurance or your parents’ insurance. Consider purchasing short term medical insurance until you find a job that provides long term health insurance.
- Part-time or temporary workers whose employer does not provide health insurance.
- Obamacare is unavailable in your area.
- Your preferred physician or hospital does not accept ACA health insurance plans.
- Temporary workers and their dependents.
- International students studying in US schools.
- US citizens returning to the US after living abroad.
For many people, short term health insurance is the best option until they are eligible for ACA health insurance.
Short-term medical insurance is a temporary plan that provides coverage when you don’t have a standard policy. One of the biggest benefits of a short-term health insurance plan is that it’s typically cheaper than a regular plan. If you need temporary coverage and are in good health, short-term coverage is a good option. Short term policies can help pay for unexpected healthcare when you need covered services for an illness or injury. After you meet your annual deductible amount, your benefits will help with covered expenses. However, short-term health insurance provides less coverage than standard plans which can lead to higher out-of-pocket costs. It is important to note that temporary health insurance is not available in every state, and not all health insurance companies offer this type of plan.
EDM Insurance can provide you with a wide array of choices from some of the top insurance carriers.
Health insurance is important for many reasons. It helps pay for medical bills and prescription drugs, which can be very expensive. It also helps you avoid large medical debt and provides a cap on the most you could spend on health care each year. Health insurance covers essential health benefits critical to maintaining your health and treating illness and accidents. It protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible. Enrolling in high-quality health insurance can help you avoid large medical bills that can cause financial hardship and even medical bankruptcy.