As unemployment rates rise and companies continue to struggle to meet revenue forecasts, more and more people are feeling less secure about the status of the jobs. For some people, that means moving on to a job they feel offers a more stable future, and for others that can mean eventual unemployment. If you find yourself in either of these groups, you may find unemployed health insurance to be a valuable option.
The concept of short term insurance is simple. If you are without insurance temporarily (because you are between jobs or for some other reason), you can buy short term coverage to make sure that you and your family are still protected in the event of a medical emergency. So if you lose your job, or you leave your current job for a new one which doesn’t make insurance available to new hires until a probationary period has passed, you don’t need to worry.
Without medical insurance, the cost of a simple doctor’s visit can easily run into the hundreds of dollars. And if you’re without a job, then you certainly don’t have extra money to save on medical expenses. So the small monthly premium you pay for a short term medical insurance policy will be well worth it.
Affordability is one of the great benefits of these temporary insurance plans. In fact, you can set your own co-insurance and deductible rates. If you opt for a higher deductible amount and a higher co-pay, you’ll be able to save on premium costs. So you’re assuming more risk if something does happen, but even if a medical issue does arise you will still save much more money than you would if you were completely uninsured.
Another way unemployed health insurance puts the power of choice in your hands is in its ability to customize the term of coverage to your needs. Are you on a 90 day probationary period at a new job? Are you looking for a new job and finding your search is taking longer than you’d hoped? No problem, as plans can be bought anywhere from 30 days to 360 days. Choose the amount of coverage you need rather than buy too much coverage and waste your money.
Even though short term health insurance plans are temporary, you will still get to choose your own doctors as well as your preferred hospitals for medical care. Don’t worry about being restricted by a plan’s limitations. In fact you may even find that you have a greater ability to select providers than your previous policy offered!
The headache of waiting for approval is gone as well. Short term insurance plans offer next day application approval, giving you the chance to enjoy immediate coverage. You can rest easily knowing your family’s health is secure.
Looking for a new job or simply starting one can be a very stressful experience. Don’t let being uninsured add to your worries. Choose a temporary insurance plan and enjoy freedom of choice of providers, affordable prices, customizable terms, and fast approval of admission into the plan. And you’ll save hundreds or even thousands of dollars in medical fees as compared to if you were not insured.
