When is Short Term Medical Insurance a Good Option?
* When you start your own business and no longer have group health coverage *You're in between jobs and the COBRA Coverageoffered after leaving your job but, is too expensive * You've retired early and need coverage untilMedicare * When you coming off your parents health insurance coverage * Waiting for ACA (Affordable Care Act) coverage to begin * You have missed ACA Open Enrollment and do not qualify for a Special Enrollment Period * Waiting for benefits to start from a new job.
As you can see, there are times when a budget-friendly bridge (short term coverage) through a gap in your health insurance coverage is needed. If you're in one of those times, that's when a short term medical plan may be right for you. Short term health insurance plans provide fast and flexible health coverage for a temporary period of time. In South Carolina short term coverage can range anywhere from 1 month all the way up to 33 months. In most cases coverage can start as early as the next day.