A Stop Gap Health Insurance Policy Will Span The Gap


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When people think of health insurance, they think of traditional health insurance, with office visits, co-payments, and prescription drug coverage. However, such health insurance is not always available. Perhaps you are shifting from one job to another, or maybe you are employed part-time, or with a seasonal company that does not offer full health coverage, or you might be attending or just graduated from school. In these situations, traditional health insurance cover is sometimes not available. If you are unable to afford traditional health insurance, but need some coverage in the case of an accident or emergency, then stop gap health insurance is the most suitable bet.

A health insurance gap can be bridged by a short term health cover policy, when traditional health cover is unavailable, because of some unforeseen circumstances. The concept of stop gap health insurance is built into the name, it is a short term answer offering short term coverage, with the expectation that at some point, you will begin or resume traditional health insurance coverage. It is designed for those who would like some coverage in case of an accident or injury and only covers emergency or serious medical expenses, such as x-rays, ambulance fees, intensive care, and a specific amount of hospital care. Though policies differ, these are often standard in stop gap health insurance coverage. However, short term health insurance does not cover regular doctors visits, nor do they cover current medical conditions. If you are looking for this sort of coverage, you need to consider obtaining a conventional health insurance policy or look into other options.

The cost of getting stop gap health insurance cover varies from company to company, you might have a monthly premium, ranging anywhere between $25 to $100, depending upon the plan's coverage and deductible, which often starts at $250 and can increase to $5,000. Most policies these days also offer a reasonable pay out figure, which quite often is around one or two million dollars. Policies allow you to choose coverage for particular lengths of time, from one to six months, but almost no short-term policies will extend past one year.

How do you get stop gap health insurance? It is not as difficult as it may seem. A simple Internet search will give you a number of companies that provide short term health insurance coverage. Searching online will also give you the opportunity to compare different companies and different plans. Just be sure to study each of the policies thoroughly to know your maximum pay-out as well as deductibles, coverage, and other terms of the agreement.

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