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(Free-Press-Release.com) September 27, 2007 -- The basics of short-term health insurance

It's possible that a change in your job or schooling status has just made you eligible to own the lowest-cost health insurance available. If you are healthy and unemployed, employed part-time, going to school, graduating from college, leaving home for the first time, or even retiring early, you might consider carrying short-term health insurance coverage.

One of the major appeals of a short-term policy is its low premiums.Short-term health insurance is the ticket for people in transition. If you are one of the 16 million Americans who will be buying individual health insurance this year, take note: the insurance industry may have a low-cost health insurance policy for you. In fact, if you are eligible to buy such coverage, competition among health insurers has now driven the cost of short-term coverage down to much less than the cost of a monthly car payment for most people.

Designed for healthy individuals and families who do not need coverage for pre-existing conditions, short-term policies can provide a low-cost safety net in case of illness or injury that might develop during the coverage period. Depending upon the plan, benefits can be generous and wide-ranging, with most policies providing up to $1 million or $2 million per person. Numerous insurers now offer short-term health policies in most states and the competition for your business is fierce.

However, just as the name implies, short-term health policies are a temporary solution. While some plans now offer coverage for up to 36 months, most short-term policies limit the amount of time that you can keep the policy to 12 months or less. Short-term health insurance is typically bought in one-month increments which makes it convenient to drop at the end of any month.

The most important thing to remember when buying short-term coverage is that these low-cost plans are not designed to cover any pre-existing conditions. This limitation explains why the monthly premiums are so low for this kind of coverage. Pre-existing conditions are typically defined as any condition or symptom which you had during the 36 month period prior to the start of coverage. For this reason, its always a good idea to be painstakingly honest when you answer every question on the application itself, otherwise you may wind up having claims for pre-existing conditions being denied.

All short-term policies have a laundry list of limitations and exclusions, so its also advisable to settle in with that second cup of coffee to read these carefully before you buy. And dont be bashful about asking your agent for help and advice prior to the purchase.

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