My Parents are Together – Shouldn’t Their Insurance Be Too?

If your parents are visiting you in the United States, you may want to start exploring insurance options as soon as their plans are finalized. One question several children ask is whether they must purchase separate visitor health insurance and visitor medical insurance policies for each of them, or a combined policy. In most policies, there is no difference in price between the two options. So it really comes down to convenience. Having two separate policies provides your parents with more flexibility. If one of them decides to return early or extend their stay, it is easier with separate policies. […]

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Over 65? Life, Insurance Offer Numerous Options!

Here’s a situation that was prevalent until recently: A senior, over 65 years, retired from work, done with financial responsibilities, and looking forward to traveling to far and distant lands. And international travel health insurance policies hard to come by for the travel. Reason? Insurance companies think that people over 65 are more likely to file claims during international travel. So, they either denied coverage, or raised the premiums to reflect the risk. However, several insurance companies are now waking to the possibilities of doing business with this demographic. Of late, several plans have started to cater to seniors, with […]

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Student Health Insurance Need Not Recede with Economy

The current economic scenario is making everyone think twice about every dollar they spend. Students, especially, have a tougher time taking bold decisions. For one, the job scenario is so fluid that an offer letter is no guarantee anymore. In the melee, it’s important that their student health insurance is not lost. Graduates who have no job or dependable insurance need not add to the nearly 15% of the population who are uninsured. There are affordable basic short-term health insurance plans that can help tide the graduate over until he/she can get full coverage. First, check with your current insurance […]

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Affordable Health Insurance Plans for College Graduates

Reports have been released that around 1 million college alumni have dropped out of insurance coverage from their parent�s health insurance. Since they are generally short of money for heavy investments, they tend to opt for affordable health insurance plans that would provide suitable coverage in case of medical emergencies. Health insurance obtained through employers is generally affordable by fresh graduates. However, during the current economic crisis they find it really difficult to even get a nominal paying job. The unemployment rates of these fresh graduates are high in the current scenario of global economic crisis. Though they are recruited […]

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Will purchasing a short-term insurance plan make it harder for me to get coverage in the future for a pre-existing medical condition?

If you recently lost health insurance coverage through an employer, purchasing a short-term medical insurance plan will make you ineligible for any guaranteed issue, individual health insurance plans commonly referred to as HIPAA plans. Oftentimes, HIPAA plans are quite expensive but may be appropriate for those whose pre-existing conditions make it difficult to obtain health insurance in the private market. Therefore, if you wish to maintain your eligibility for HIPAA plans, you should not purchase a short-term health insurance plan. Please consult your benefits advisor to discuss your rights under the Health Insurance Portability and Accountability Act (HIPAA) and other […]

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Should I pay monthly or make a single payment up front?

Most short-term health insurance plans give you the option of paying in monthly installments, or in a single up-front payment. Often, single payment plan costs may be lower than monthly plan costs. We recommend that you select “Monthly”, if you don’t know exactly how long you will need coverage, or don’t want to make a single up-front payment. We suggest that you select “Single Up-front Payment”, if you know exactly how long you will need coverage, want lower plan costs, and don’t mind paying your whole premium up-front. If you select ” Single Up-Front payment” you will need to specify […]

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How soon can my coverage start?

Coverage for short-term health insurance plans usually starts the following day after the application is submitted. In order for coverage to start promptly, you can make your first premium payment by supplying a valid credit card number with your application. Please note that credit card billing of premiums is optional and you can obtain coverage without using that method of payment. If you would prefer to have your coverage start later, you can select a date up to 30 days in the future.

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What if I only need coverage for less than 30 days?

Most short-term health insurance plans have a minimum coverage period of 30 days. Even if you only need coverage for less than 30 days, you can either make a single payment upfront for 30 days of coverage, or select the monthly payment option, and then cancel your coverage when you no longer need it. You should be aware that you will not be refunded for partial months of coverage.

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