Gap Health Insurance – Common Options
The gap health insurance is also called short term insurance. This policy usually covers an individual within a time period of 30 days up to 36 months in certain cases. This is ideal for individuals who are transitioning from one job to another or those who have been recently laid off as well, as new students whose company health insurance will not kick in after a few months. The gap health insurance is also ideal if you fit the current profiles or descriptions:
- You are uninsured at the moment
- You will want gap health insurance if your insurance will expire soon and you are still looking for a better replacement.
- You are shifting plans either from an individual plan or from an employer plan.
- You have already applied for insurance but there are no responses at the moment.
- You should get gap health insurance if you are deemed as eligible for insurance because of an event that happened 3 years ago or even more.
- Since gap health insurance is cheaper, you might be interested in using this if you cannot afford or do not want to afford standard health policies at the moment.
- You feel that you have specific conditions that might lead to rejection of your application so you prefer to get gap health insurance.
- You are traveling and the current health plan is not covering your current traveling situation.
- You are self-employed.
One form of gap health insurance is the COBRA which provides coverage to the person in a span of 15 to 1 months if you were laid off to your past work. This gap health insurance can be pretty costly if you wish to go 18 months. Some experts believe that this gap health insurance is more ideal than those individual plans. Nonetheless, it is vital to be secured and find the best one that fits your needs. Another option for the gap health insurance would be the state plans. There are some states that allow employees to continue their coverage for 3 to 6 months. However, this is only limited to certain states so you should review possible lists and if you reside there.
Another form of gap health insurance is the short term insurance. This is ideal for people who were not covered by the insurance policy of their company. The price of these policies tends to be on par with that of permanent policies but with some slight variations. Often, these gap health insurance policies do not cover preventive care as well as visits to your eye doctor or dentist. Also, if you have preexisting conditions, you might get denied.
If you wish to secure your situation, you must learn the best options when it comes to gap health insurance.
If you would like to know more about your options, simply select your state and receive quotes from top insurance companies in your area.