Sometimes people are surprised by losing their medical insurance. They find out it will end the day of, day before, or a few days after their coverage has ended. Sometimes it can take a few days or even weeks to get a new policy in place. There are plans available that will cover you by midnight. Short term health insurance plans are available online and can be in place by midnight of the night you submit your application. These plans are not designed to take the place of your regular coverage because they will end in six months and you will need to reapply to continue the coverage after that point. But the benefits for hospitalization, emergency room, or surgeries will be the same as the coverage people are familiar with.
Short term health insurance plans are full major medical plans that go through the approval process with the departments of insurance just like any other available plans. They are instant issue plans if you purchase them over the internet. Instant issue means that if you answer a few health questions on the application that you do not have any of the medical problems, then the plan will be issued. It is not guaranteed issue because you might be turned down for coverage if you do not qualify after the medical history survey. But it usually takes less than five minutes to have your entire policy packet emailed to you for coverage that starts by midnight.
Short term health insurance plans generally cost much less than other plans because it is basic coverage. Every new illness or injury is covered subject to a deductible and co insurance. There are no co payments for doctor visits or prescription drugs. These plans do not offer benefits for preventive care either. But it does qualify as continuous coverage as you will be issued a certificate of continuous coverage at the end of the policy. This means that any policy that you get after the end of this coverage will not have a waiting period for pre existing conditions. This is one reason that many people purchase short term health insurance plans. They need the coverage but they don't expect to use it. They get the highest deductible so that they will not suffer a waiting period for pre existing conditions on their new policy. If you go without coverage for more than 62 days then you will probably have a waiting period for any new pre existing conditions.
If you need coverage right away, short term health insurance plans are a great alternative.
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