Short-term Health Insurance has many different names like temporary health insurance, short-term medical insurance, short-term care insurance, short-term health plans, term insurance, or STM health plans. Short-term health plans offer major medical type benefits in the case of unexpected accidents and illnesses.
Both individuals and families can enroll in temporary medical insurance plans.These plans last up to 364 days and are renewable for up to 36 months depending on your state.
4 Important Benefits of Short Term Health Insurance:
- You don’t have to change doctors. Short term medical plans offer broad networks and/or allow you to go to the hospital or provider of your choice.
- Temporary health insurance coverage has no open enrollment period restrictions, so you can apply at any time.
- You will usually be notified within minutes if your application is approved.
- Short-term medical plans are available with limited waiting periods, so in many cases, you can use your coverage as early as the next day.