What Does Short-Term Health Insurance Cover?
Short-term health insurance is a type of health insurance that provides temporary coverage for a period of up to 364 days. It is not required to comply with the Affordable Care Act (ACA), so coverage can vary greatly depending on the plan and the insurance company.
Most short-term health insurance plans will cover at least some of the cost of unexpected medical events that are not linked to a pre-existing condition. This may include:
- Inpatient and emergency care
- Various outpatient services, lab work, and imaging
- Some prescription medications
Some short-term plans may also offer coverage for preventive care, such as annual physicals and screenings, but this is not always the case.
It is important to note that short-term health insurance plans do not have to cover pre-existing conditions. This means that if you have a health condition before you enroll in a short-term plan, the plan is not required to cover any treatment for that condition.
Short-term health insurance plans may also have other limitations, such as:
- High deductibles and copays
- Waiting periods before coverage begins
- Annual or lifetime coverage limits
- Exclusions for certain types of care or services
It is important to carefully read and understand the terms of your short-term health insurance plan before you enroll. This will help you to understand what is and is not covered, and what you will be responsible for paying out of pocket.
Here are some examples of situations where short-term health insurance may be a good option:
- You are between jobs and waiting for your new employer’s health insurance to start.
- You are a recent college graduate and waiting to become eligible for Medicare.
- You are self-employed and cannot afford a traditional health insurance plan.
- You are traveling outside of the United States and need temporary health coverage.
If you are considering purchasing a short-term health insurance plan, it is important to compare different plans and shop around for the best deal. You can also use a licensed health insurance agent to help you find the right plan for your needs.