Finance Insurance

What Is Term Health Insurance

Published at 03/23/2012 04:13:09

Job loss is not the only type of life-changing event that creates a need for long-term health insurance. Some other reasons for health insurance include: unforeseen illnesses and accidents. A health insurance policy can provide you and your family with coverage at a price that is affordable.

Many people are looking for a short term health plan and term health insurance is the most popular answer. These policies are designed for a person needing up to six months of health coverage, to avoid the risk of a health emergency that could turn into a financial hardship. The term health insurance policy is also good for people that are in between jobs or have a pre-existing condition. As long as you stay insured, any previous conditions will be covered.

Term health insurance is secure instant person and family coverage plan. If you know the number of days you need coverage for, you can make a lump-sum payment or participate in a payment plan. Either way, your policy will be written based on the period of coverage you select.

Policies are written with premiums that adjust depending on the deductible selected. Most policies coverage a range of services by a physician, surgery, inpatient and outpatient medical services. policyholders can choose their own doctors and hospitals without restrictions. Some term health insurance policies offer financial incentives if you use an in-network provider.

Before purchasing a term health insurance plan, read the policy carefully. Some policies do not coverage routine office visits, preventative care, preexisting conditions or well-baby care. Every policy has a list of exclusions, so make sure and read it carefully. Coverage can vary by state, so you also need to know your states benefit limitations of each plan. If you need state information for a specific company or insurance benefit, you should contact your states department of insurance.

Tips and comments

  • Do not allow a lapse in health insurance coverage.
  • Read the policy limitations and exclusions carefully. Ask the insurance agent any questions you might have regarding the term health insurance policy.
  • Look up the insurance companies rating on the website of your states department of insurance.
  • A higher deductible equals a lower premium.
  • All allowable family members should be included on the plan. Adding them later may not be allowed.
  • Tell your agent if you need a policy for longer than six months.
  • Use an agent who is licensed in the state you reside and is affiliated with a well-known insurance company.
  • Obtain a certificate of insurance from your current health insurance carrier. This certificate is what you will need to prove that there was no lapse in coverage.
  • Check to see if the term health insurance policy can be adjusted to a major medical insurance policy.


Most Recent Articles

  • How To Find the Best Australia Insurance
    Australia is actually lucky undertake a wonderful health care program, however for people who wish to totally manage health issues, they might get a personal medical health insurance Austral...
  • Do You Have To Pay Extra For Insurance Wellness
    The cost of health insurance varies based on how much your employer covers, and the cost is usually a good deal if you work for a large corporation.
  • Discover Great Deals For Insurance Quotes Health
    Buying the right health insurance coverage usually requires that one gets the right health insurance quotes. There are several health insurance quotes designed for different groups of people...
  • What You Need To Know About Insurance Company Health
    Health insurance companies are always a good option for those who do not have any health insurance. So it is essential to purchase medical coverage in order to make yourself more secure.
  • What You Need To Know About Health Coverage Insurance
    Health problems come to your life during the most unexpected times. One day morning, you might wake up to find one of your family members affected with some bad health condition. You will fi...
  • How To Find the Best Insurance Temporary
    Insurance is meant to transfer risk from one party to another. The policy holder transfers the risk to an insurer for a certain amount. Many times, a policy holder will pay for insurance for...
  • How To Choose the Best Child Insurance
    With more children than ever being sick with doctors visits, medical treatment, medicine, and emergency room visits, is a great idea to consider child insurance for your child. When consider...
  • How To Get the Best Insurance Kissimmee
    Getting the best insurance quotes in Kissimmee, Florida is not as difficult as you might think. There are many ways to get some great quotes on your Kissimmee insurance. If you do your homew...
  • About Insurance Center
    Insurance Center, Inc. is an insurance company in Texas. The company has been in business for fifty years and they have three locations to server their customers needs. They are located in K...
  • How To Choose the Best Cheap Travel Insurance
    Being insured while you travel make sure you have financial protection over the loss you might come across during the trip. In normal cases, cheap travel insurance policy policies incidents ...
  • How To Let Home Insurance
    To let home insurance is a very different insurance policy. It covers rental homes from risks and other natural disasters. This policy may or may not include coverage of the tenants’ p...
  • How To Get the Best Insurance Company Life
    Is that insurance policy from that insurance company you are about to subscribe to worth it?  Maybe not. There are many pros and cons of choosing the correct insurance company to fit yo...
  • What You Need To Know About Small Health Insurance
    If you have a small business, getting the right health insurance for you and your employees can be difficult. Competition on the market and bogus companies has made the task of choosing the ...
  • About River Insurance
    Are you looking to protect you family or business against any odds that might come up against it? Have you been facing any medical issues in the recent years? It is about time that you looke...
  • How To Find An Insurance Office
    There are so many insurance companies offering all kinds of insurance services and one can choose from. One is able to compare the insurance services and selects the most favorable based on ...