Rising medical costs make individual health insurance a necessity. One accident, one serious illness, or one debilitating condition can destroy a lifetime of wealth. Occasionally, individuals may find themselves temporarily without individual insurance coverage due to graduating from college, changing jobs, or becoming too old to remain on their parents' policy.
The solution is short-term health insurance. These policies allow you to purchase individual health plans from insurance companies for periods of 12 to 36 months, 12 months being the norm. By investing in affordable short-term health care short term health insurance, you are protecting yourself from potential physical and financial disasters.
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The Importance Of Insurance
Individual health insurance not only provides you with preventative measures such as immunizations and regular exams, but they also allow you to receive an early diagnosis for more serious conditions, which makes treatment far more effective. Studies have shown that uninsured individuals are 30-50% more likely to require medical attention for avoidable conditions than those with independent health plans.
If you're young and healthy, you may not believe individual medical insurance is necessary or worth the money. However, consider that a single emergency room visit averages $3,300. If you don't have that kind of money to throw around, the cost of individual health coverage looks far more affordable.
Short-Term Health Insurance Gets You Through Transitions
Short-term or temporary insurance policies provide you with coverage during transition periods of your life, regardless of your age. Since these policies are underwritten, you generally must be healthy to qualify. Individuals with pre-existing conditions normally cannot get short-term insurance. Insurance companies are willing to provide short-term policies only because they do not expect you to file a claim.