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There is a sad truth that someone you know or even yourself may lose your job or get a divorce. During this already stressful time you may temporarily lose your health insurance benefits. A perfect solution is to purchase a low cost interim health insurance policy. If you would like the security of health insurance until you secure permanent health insurance interim health insurance is the solution. You can purchase as long as you need. Usually 1-12 months. Most insurers will allow you to extend coverage if you need to. Many of these plans are similar. The best way to find a plan is to shop online. Comparison shopping each insurer is easy online. Although, these plans do not differ much, prices can. You will also need to think about payment. Some allow month to month payments, while others require payment for all premium upfront. These plans will cover the basics, hospitalization, emergency care, x-ray, lab and prescriptions. These benefits are usually covered once a deductible is meet. They will not cover any pre existing condition however. They also do not cover routine or preventative visits to your doctor. HIPPA legislation does not apply to interim health insurance. So if you have a pre exisiting condition they could, decline coverage or exclude that condition. Also, they do not have to renew your policy like traditional insurance does. Depending on the plan features you are looking for these plans tend to be very low cost. Sometimes as low as a $1 a day. A good way to control cost is going with a high deductible like $5000-$7500 dollars. Many people are comfortable doing that to save a buck since it is only a short term plan. Even a high deductible plan is better then nothing. Jack purchases a plan with $7500 deductible, 80/20 co insurance and $10000 out of pocket max.. Jack had a heart attack and had to stay in intensive care for 5 days. His total bill was $125,000. Jack must pay his deductible of $7500. That leaves $117,500. He must pay 20% up to $2500 of the $117,500. So Jack paid $10,000 and the insurer paid $115,000. Risking going without insurance can be costly as you can see by the example. A trip to the hospital can be a big expense to you. If you had to pay it all out of pocket you may be in financial trouble.
Article Source: http://www.a1-articledirectory.com
Broker Jeff Cline is ready to help your needs and help you secure interim health insurance to give you coverage during you time of need. Jeff can also help you secure permanentindividual health insurance. Call him 24/7 for help. His toll free number is 866.526.9669.
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