Ohio short term health insurance is a great option for unemployed persons as it offers coverage for unexpected catastrophes. Leading health insurance providers offer several options that provide a practical safety net for laid-off workers.
Ohio short term health insurance is a great option for unemployed
persons as it offers coverage for unexpected catastrophes. Short term
health plans are assuming great significance in these financially
challenging times. According to the U.S. Bureau of Labor Statistics,
July 2011 saw employers taking 1579 mass layoff actions, displacing
145.000 workers. Since the economic downturn, the number of workers
filing for unemployment insurance has been rising. Things have been made
worse with COBRA subsidies coming to a close on August 31, 2011. COBRA
subsidies were a federal stimulus package to help laid-off workers
continue their health care coverage. The end of these subsidies means
higher health insurance expenses for those who lose their jobs.
If you are an Ohioan and between jobs, its possible to tide over
these challenges by applying for a short term health insurance plan.
Leading health insurance providers offer several options that provide a
practical safety net for laid-off workers.
Short Term
Health Insurance Ohio - Features
Short-term Ohio health
insurance can help a person who is laid off get temporary health
insurance coverage till he/she finds another job. It is different from
other types of health insurance. The main features of short-term health
insurance are:
Quick The plans are
simple and easy to apply for and coverage starts almost immediately.
Good basic coverage Many short-term plans offer
coverage that is almost similar to traditional plans. Doctors office
visits, hospital charges, and emergency care are usually covered while
prescription drug coverage is offered for an accident or illness that
occurs during the plan period. This makes them a good safety net for the
unemployed.
Limited underwriting It is
easy to qualify for Ohio short term health insurance plans as they
involve only a few underwriting questions such as whether the applicant
has a heart condition, diabetes, and so on.
Period
of coverage The period of coverage that a short term plan
offers could be as few as 30 days or for as long as 12 months.
Competitively priced Leading providers offer
short-term plans that are competitively priced and come with attractive
copays. Choices range from plans with low premiums and high deductibles,
to those that have low deductibles, but a higher monthly cost.
Points
to Note
The expenses for the treatment or cost of
medication or pre-existing conditions are usually not covered in
short-term plans. With recent reform, short term Ohio health insurance will exclude preventative
benefits such as a physical or immunizations.
Short term
medical insurance is non-renewable. Once a plan ends, you have to apply
afresh.
Make an Informed Choice
Besides
those between jobs, Ohio short term health insurance plans provide a
safety net for many part-time employees, divorcees who lose coverage
under a spouse plan, early retirees and recent graduates who are no
longer on a parents plan. There are many different kinds of short term
policies in the market. To make an informed choice, get informed and
knowledgeable advice from an established Ohio health insurance agent.
