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Texas Short Term Health Insurance
Short Term Health Insurance in Texas refers to medical insurance that provides protection against unexpected health care expenses. In Texas, policies can be purchased from 30 days to 3 years.
The application process is simple - only a few qualifying questions to answer. Coverage can begin as early as the next day.
Good to know: Pay less for prescriptions. Go generic, for starters. In almost every case, generics are just as good as name brands and are much cheaper, says Catherine Tom-Revzon, a pharmacist at The Children's Hospital at Montefiore, in New York City. Second, compare costs since prices vary significantly from store to store. Your best bet may be a warehouse club like Costco or Sam's Club. (You don't even need to be a member.) Another option: If your plan has a mail order pharmacy, you might be able to get 90 days' worth of prescriptions mailed to you for two co-pays.
courtesy of Parents.com
What is Short Term Health Insurance?courtesy of Parents.com
The first thing to do is define short term health insurance. There are two parts to this: What short term health insurance was, and what short term health insurance is now.
In the not too recent past, short term health insurance was designed just for short term situations. The health insurance term duration ranged from several months to a year. This type of health insurance was for individuals who needed temporary medical insurance, or for individuals who could not afford traditional health insurance. It was used mostly by employees who frequently changed jobs, or employees waiting for their group health insurance plan to kick in. Often, young adults would select a short term health insurance plan because of its affordability. The rationale being they could purchase a traditional health insurance plan once they were more financially established. The actual medical coverage was strictly for hospitalization. Doctor visit benefits, preventative services, or prescription drug benefits, were unheard of.
Today's short term health insurance plans are quite different. In Texas, many short term health insurance plans offer doctor visit copay benefits, preventative services, prescription drug benefits, and more. There are now short term health plans available in Texas that can be held for up to three years before a new application is needed.
The short term medical insurance benefit structure is beginning to look a lot like traditional health insurance plans. The Texas community has noticed. Short-term health insurance is becoming an ideal health insurance solution for a growing number of Texas families.
Short term health insurance is not for every circumstance. It lacks several of the guaranteed benefits that are part of the Affordable Care Act portfolio of plans. However, There are several notable advantages.
- Affordability. Traditional Health insurance options can be very costly. A short term health insurance plan will likely be a more affordable solution.
- Employment Gap. If you receive health insurance through your employer and are between plans or jobs, short-term health insurance can help cover you and your family for the interim.
- Network. If you live in an area with few healthcare providers, short-term insurance may help expand your options.
- Near immediate coverage. In most cases, you can qualify and be covered by a short term health insurance plan within 24 hours.
Good to know: You shouldn't promptly pay medical bills. Yes, you read that right. The reason is, healthcare providers tend to send bills well before the insurance company has decided what part of the claim they are obligated to pay. The average person sees a bill and thinks they are obligated to pay it. This couldn't be further from the truth. Health care companies routinely shoots out bills to everyone one involved - regardless of who is actually responsible for paying it. You need to know what the insurer is going to pay before you do anything. Our advice? Don't pay a dime until you get an EOB (Explanation of Benefits) from your insurer that explains your claim and how much they are paying.
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| Cornerstone Hospital of Austin 4207 Burnet Rd Austin, TX 78756 Telephone: (512) 706-1900 Plus Code: 8764+QM Austin, Texas |
Speaking with a true health insurance specialist will help you determine if a Texas short term health insurance plan is the right choice for you and your family. Give us a call today.
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