Insurance Concierge, M&G Insurance, Lake Oswego Oregon
Yes you can. It is called Short Term Medical (STM) and it is available in most states. It allows you to purchase a STM policy for, usually, up to 6 months. After that you can usually apply for 6 more months if you still qualify. You can choose a plan for a little as 30 days and you can not have other insurance in place during the time you will have your STM in place.
STM does not cover pre-existing conditions. It only covers you for what happens from the date your plan starts to the date your plan ends and therefore it costs a lot less than a traditional plan. Remember they do not have to renew your plan if you ended up using your plan for something significant, health wise.
STM is a great plan for healthy adults whom have 6 months left before turning 65. It has saved a lot of my healthy clients money during those 6 months before Medicare kicks in.
It's a great plan for those in between jobs who can't afford the high cost of COBRA and for those whom start a new job and have a 30-60 day waiting period before their new companies insurance kicks in.
Remember, it does NOT cover pre-existing such as a hernia you got diagnosed over a year ago but didn't do something about then that ruptures during your STM plan period.
I just signed up a 21 year old for one month in Oregon and the cost for a $500 deductible, 80/20 plan was only $60 including the $20 one time enrollment fee.
You can view a few plan options here for Oregon and Assurant, which is available in most States. www.coveroregon.cc Click on Products at the top of the page and then scroll down and on the right hand side it will say Short Term Medical; to give you an idea of rates. Make sure to click on Assurant for rates outside of Oregon.
Short Term Medical is a great option for those whom did not sign up during Open Enrollment and are healthy, just looking to be protected from an accident, emergency room visit, unexpected illness, spider bite, etc.
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STM does not cover pre-existing conditions. It only covers you for what happens from the date your plan starts to the date your plan ends and therefore it costs a lot less than a traditional plan. Remember they do not have to renew your plan if you ended up using your plan for something significant, health wise.
STM is a great plan for healthy adults whom have 6 months left before turning 65. It has saved a lot of my healthy clients money during those 6 months before Medicare kicks in.
It's a great plan for those in between jobs who can't afford the high cost of COBRA and for those whom start a new job and have a 30-60 day waiting period before their new companies insurance kicks in.
Remember, it does NOT cover pre-existing such as a hernia you got diagnosed over a year ago but didn't do something about then that ruptures during your STM plan period.
I just signed up a 21 year old for one month in Oregon and the cost for a $500 deductible, 80/20 plan was only $60 including the $20 one time enrollment fee.
You can view a few plan options here for Oregon and Assurant, which is available in most States. www.coveroregon.cc Click on Products at the top of the page and then scroll down and on the right hand side it will say Short Term Medical; to give you an idea of rates. Make sure to click on Assurant for rates outside of Oregon.
Short Term Medical is a great option for those whom did not sign up during Open Enrollment and are healthy, just looking to be protected from an accident, emergency room visit, unexpected illness, spider bite, etc.