You may have heard about the increasing popularity of short-term health insurance in Iowa, Mississippi, Michigan, and the countless other locations where we offer our plans. But you may have never given much thought as to how short-term medical insurance can help you while you are waiting for Medicare.
For some Americans, there is a lag time between the age they retire and when they can enroll in Medicare or get a Medicare Supplement Insurance policy. During this time, that could mean a lag in medical insurance for some. It’s a situation that could put you at risk, but there is also a solution: short-term medical insurance.
The flexibility of these policies make them perfect for bridging the gap for retirees who may not have reached the enrollment age when they retire. Short-term policies can be issued quickly and satisfy proof of coverage, which will allow you to continue any activities or programs you are involved in.
These policies are often referred to as “gap” coverage for a reason. They are intended to cover you between a lapse in regular coverage. Some of the biggest reasons people turn to short-term policies are job turnover, missing an enrollment period and proof of insurance. Short-term insurance is not intended to be a long-term solution, which is why it is the perfect option for people waiting for Medicare to kick in.
Not only are these policies great because of the flexibility they offer, but they also provide low premiums, which makes them cost-effective as interim coverage.
Short term insurance plans can also help provide additional coverage once you are able to enroll in Medicare; however, there are more options for additional coverage like Medicare Supplement Insurance, which is designed to help with Medicare.
If you’re waiting to enroll in Medicare, don’t risk being without insurance. A short-term health insurance plan could be the solution you are looking for.
If you’d like to find out more about the types of life insurance plans and health insurance plans we offer or a Medicare Supplement Insurance policy, please contact us today.
