A health insurance policy is a cover against the routine checkups, prescribed medicines, and emergency treatments. Health insurance is essential to evade the rising costs of medical treatments.

Short term health policy offers low-cost protection coverage on a temporary basis or for a very limited period.

It can be extended according to the needs of the policy holders

• As compared to the traditional ones, it doesn't include preventive or diagnostic treatments like routine, dental or optical checkups, and any other work-related injuries.
• It is advisable to carefully study the pros and cons of the policy before opting for it in order to obtain the maximum possible benefits.
• It covers the services of physician's prescriptions, inpatient hospital stays, skilled nursing facility care, and rehabilitation at the lowest possible cost.

Working Criteria of Short Term Insurance Policy

• This kind of short term policy works exactly in the manner of an indemnity plan. It involves low premiums and high deductibles.
• This policy usually offers 80% of the medical reimbursement, but in some cases it pays 100% of the medical expenses.
• An affordable deductible range is provided so that the policy holder can choose and make a decision accordingly.
• It also allows the enrollment of an additional policy after the completion of six months in case of no significant change in the health of the client.
• Normally, the short term health insurance related plans are non-renewable, but they can be renewed up to 36 months if an insured person files any other claim under the cover of the previously opted policy.
• If the person is dissatisfied then there is money-back opportunity provided by few good companies that ensures 100% return value of premium within 30 days.

The major drawback is that it excludes pre-existing conditions of the person who is insured by short term health policy. Most of them are non-renewable, therefore the requirement of new policy arises after every 6 or 12 months of the previous policy.......More