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Temporary Health Insurances Within Afford for the Seniors

By Charles Hopkins Published 11/2/2006 | Health

Health insurance premiums are going through an all time high. There are various reasons behind itthe research costs were never as high as they are now. The health care sector has also undergone massive changes, making possible the range of services which used to be unthinkable even a few years ago.

At the same time, you are also open to various insurance options. There is a wide array of products to choose from, according to the size of your pocket. It is the seniors on a fixed income who are the ones in need of paying attention to the size of their pockets. These senior people cannot compromise on the health issues as well.

So what to do? They have to look for such health insurance products that will serve their purpose, while, at the same time, take care of their budget.

There is one insurance product that can offer you the best of the two worlds: cost efficiency, as well as services in times of needs. This is called the Temporary Health Insurance.

Lets explain what temporary health insurance means? Sometimes, there may arise a gap in normal insurance coverage. As your life, unpredictable as it is, you cannot just go around without filling this void in your health insurance coverage. Moving without health insurance in todays expensive world even for a short time, may prove to be extremely costly for you and your family. The solution lies in temporary health insurance; it provides you coverage at these transitional times of distress.

Temporary health insurances are mainly bought by the students or the new professionals who have just entered the realm of employment, someone who has switched jobs or is leaving home for the first time, and so on. The temporary health insurance can come to the help of a senior person, too, especially in the case of an early retirement when a person does not qualify for the Medicare benefits. A temporary health insurance can provide coverage at the time of need. Throughout the United States, temporary health insurance is designed to provide you with 30 to 365 days of all kinds of medical coverage when you need it.

Here are certain features of temporary health insurance.

l     Temporary health insurances are also referred to as Short-Term" insurance and the strongest reason to buy them is because they are affordable.

l     If you want to buy them, the precondition is: you should be free of any pre-existing chronic conditions. These insurances do not come with the feature of verifiable continuation of coverage.

l     Most temporary health insurance plans will offer you indemnity or fee-for-services. The premiums are paid on a monthly basis for as long as you need the coverage.

l     Some companies offer the option of a bulk payment for three, six, or twelve months of coverage.

l     You can purchase the temporary health insurance directly from the insurance company selling it. The policies can also be bought through one of the authorized agents of the company. Usually it does not take more than a week to get a temporary health insurance policy, which is considerably lesser time compared to the processing of standard insurance coverage.