Define Stop Gap Health Insurance Policy

When health insurance comes to people's minds, they think of typical health insurance, that covers accidental injury, doctors visits and emergency hospitalization. However, such health insurance is sometimes unavailable. Maybe you are changing from one job to another, or maybe you are working part-time, or with a seasonal agency that does not have full health coverage, or you could be attending or just graduated from school. Under those circumstances, the usual health insurance cover is sometimes not available. If you cannot afford regular health insurance, but want some coverage in the event of an accident or emergency, then stop gap health insurance is your best alternative.

A health insurance gap can be bridged by a short term health cover policy, when typical health cover does not, because of some unexpected situations. The very definition of stop gap health insurance is integrated with the name, it is a short term solution offering short term coverage, with the expectation that afterwards, you will get or resume traditional health insurance coverage. It is created for those who would like some coverage in case of an accident or injury and only includes emergency or serious medical expenses, such as x-rays, ambulance fees, intensive care, and a specific amount of hospital treatment. Though policies vary, these are typically standard in stop gap health insurance coverage. However, short term health insurance does not cover regular medical check-ups, nor do they cover current medical disorders. If you are intent on this sort of coverage, you ought to consider getting a traditional health insurance policy or inquire about other choices.

The cost of having stop gap health insurance cover varies from company to company, you may have a monthly premium, ranging anywhere between $25 to $100, depending upon the plan's coverage and deductible, which typically begins at $250 and can go up to $5,000. Most policies now also offer a generous pay out figure, which quite often is around one or two million dollars. Policies allow you to select coverage for definite periods of time, from 30 to 180 days, but rarely any short-term policies will go beyond one year.

How do you obtain stop gap health insurance? It is not as hard as it may seem. A simple online search will return several companies that offer short term health insurance policies. Doing an on line search will also give you the chance to compare different companies and different plans. Just be mindful to look into each of the policies fully to understand your maximum pay-out as well as deductibles, coverage, and other stipulations of the agreement.

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