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What Is Short Term Medical Insurance?

Short Term Medical Insurance is a temporary health insurance plan (30-185 days) designed for people who are between permanent health insurance plans. It's an affordable alternative to COBRA or other continuation of coverage available under a former employer's plan, particularly if you don't have preexisting conditions, and is often more than 25% less expensive than a permanent individual medical plan. Whether you are:

• Between jobs
• Waiting for employer group coverage
• A recent college graduate
• A temporary or seasonal employee
• A dependent falling off your parent's plan
• A laid-off, striking or terminating employee

Short Term Medical Insurance can provide you with the peace of mind your deserve, providing affordable health coverage that protects you or your family - for only dollars a day. Consider this - a basic knee injury could cost up to $12,000* of your hard-earned money. That's why going without health insurance, even for a short time, puts you or your family at serious financial risk.

Benefits are Paid as Follows

FIRST: You pay the deductible for each covered person (for families, the maximum deductible you will have to pay is equal to three times the individual deductible amount).

THEN: Once the deductible is satisfied, the health insurance company pays a percentage of the covered expenses (often 50-100%) up to a dollar limit (depending on the rate of payment you've chosen).

AFTER: Beyond that, the health insurance company typically pays 100% of remaining covered expenses up to the plan maximum, usually $2 million for each covered person.

*Based on 2001 Fortis Health Short Term Medical claims.