Short-term medical insurance has excellent uses for individuals who need a health care plan, but don’t plan on keeping it forever. A short-term insurance plan is useful if you are between jobs, waiting for a new plan to start, or seeking an alternative to a COBRA plan. However, these types of policies come with exclusions and other conditions that make it not suitable for everyone.
If you are in the market for a short-term health care plan, be mindful of these common exclusions and conditions.
Short-term health insurance plans don’t cover pre-existing medical conditions. The plan itself determines the precise definition of a pre-existing condition. In general, a pre-existing condition includes a health problem for which you were diagnosed or treated for in the preceding five years. Also, if you have a health condition for which you haven’t sought treatment or diagnosis, where a reasonable or prudent person would have, it may also be considered a pre-existing condition.
If you are pregnant or planning on becoming pregnant, a short-term plan may not be the best option for you. Most short-term plans don’t include maternity care. Still, short-term plans differ, so it is best to read the policy carefully if you have questions about specific coverages.
While Affordable Care Act health plans are guaranteed issue – meaning they are available regardless of your medical history, short-term plans are not. When you are seeking coverage under a short-term plan, you will be asked about your medical conditions and medical history. The company will review your application and decide whether to issue a policy.
Short-term coverage plans don’t automatically renew like traditional health insurance plans. After the expiration of the short-term policy, you must apply for a new policy.
For individuals who have developed health conditions while insured by a short-term plan, applying for another short-term plan is problematic. The condition will likely not be covered if the policy is issued at all.
However, if a health condition keeps you from purchasing another short- term plan, you can apply for an ACA plan during the Open Enrollment Period.
To learn more about short-term medical insurance exclusions that may affect you, contact the professionals at HealthCareInsurance.company at (855) 401-8383. Our licensed insurance experts will be happy to answer any questions you have.