Short-term health insurance is a flexible, fast coverage program that protects you during dynamic times of change in life. As a flexible health insurance solution, Short-Term coverage protects you through most transitional periods in your life. Short Term medical insurance (also referred to as temporary/term health insurance) provides a short-term solution to protect you during instances when there are gaps in coverage, as it is designed to provide coverage on a temporary basis. Simple to enroll and start coverage, these programs can be initiated in just a few days.
Plans can only be purchased by groups, which means individuals cannot purchase coverage through these plans. Plans usually require a certain % of participation in the plan to be valid. Because of the many differences—insurers, plan types, costs, and terms and conditions—between plans, no two are ever the same. A great benefit for employees of small businesses. Your business may qualify for a tax credit that could cover some of the costs of employee premiums.