A short term medical insurance policy is one that you can use as an alternative to a traditional group health insurance plan or a individual or family policy, but there are several differences as follows:
Temporary medical plans can have a duration from 30 days up to 12 months. This can be perfect for those who have COBRA which is ending, for those in between jobs, college students and anyone who will generally have a gap in their coverage. They can also be used as a replacement to a traditional plan so long as you are aware of the differences.
Short term medical or temporary medical plans normally have no coverage for pre-existing conditions. If you have a certain pre-existing condition which requires expensive treatment, these may not be the best option. However, if you have no pre-existing conditions or yours is fairly minor or inexpensive to treat with low cost over the counter or generic medications, temporary medical can be a great solution. We even offer a short term medical plan that pays for pre-existing conditions under certain conditions, but an ACA compliant plan would generally be a better choice.
These policies generally use PPO networks as opposed to many individual ACA options that only use HMOs. Our agency work with the following temporary health carriers including Independence Holding (IHC), National General and United Health (Golden Rule). All three listed will give you access to nationwide coverage through PPO networks.
Finally, one of the best reasons why temporary medical plans are worth consideration is that will generally cost far less than an ACA compliant group health insurance or individual health insurance policy