The economy is sure looking up but for those who have borne the brunt of the recession, short term health insurance may still be the best option for healthcare financing. There are several short-term health insurance plans available in the market, including Assurant’s Short-Term Medical. The plan may provide just the coverage you need.
The plan is part of Assurant’s network of health insurance plans, and is ideal for coverage of less than six months, with no pre-existing conditions. To be eligible for the plan, you must be less than 65 years old and your dependents must be under 18 years of age.
The look-back period for pre-existing conditions is five years, which might be a deterrent to some. The plan also specifies that a pre-existing condition is defined as one for which you either received treatment or advice, or one that manifested symptoms during the look-back period, regardless of whether you received any treatment for it.
In the Assurant Short-Term Medical plan, you can select the deductible that’s right for you. The standard co-insurance ratio is 80/20. However, plans can be customized according to the needs of the applicant. The plan offers coverage for unexpected medical illnesses, and carries a maximum benefit of $2 million.