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Tuesday, July 28, 2009

Use Temporary Medical Insurance Until You Get Permanent Coverage

By Clarissa Winegarten

There are many a times when we need a temporary health insurance, which is available for a small period of time. The benefit of such policies is more about being cheap and the shortcoming of it being limited coverage. Most of the time such insurance is taken for those who are not having an insurance coverage.

Employers take advantage of this scheme for their employees, who are taken into the cover of group medical insurance. This form of insurance can be received like the conventional one or the one with the advantage of managed care formula. The later kind of plan is accepted by majority of the people due to its economical advantage.

As there can be many unseen accidents and events in factories and fields, employees like this kind of insurance for the employers as a short term package. The duration of the packages can last from as much as one month to around six months and can be extended to even a maximum of about a year. This is best for those employees who have no insurance coverage as such.

The main niche group of people is those kinds of people who are unemployed, who moves places often, students or similar people. One can get this kind of insurance as soon as you apply for one. The procedure is relatively simple and it is because of this kind of simplicity and rapid effectiveness, it has been preferred by many.

Since we are going through the worst economic crisis in quite some time, thousands of people who were covered by insurance provided by their employer are now losing their jobs and their coverage. This insurance is the best way to cover such unemployed people along with their families for a cheaper price and serve their purpose.

The low cost of premium has also been a factor for its popularity. Retired and old people also take this temporary health insurance for protection of their health. There are some negatives associated with this temporary insurance plans. It is offered for a short period only. And they do not cover the regular check up costs and costs on treatment of some particular ailments.

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