There are several categories of insurance; one of these is temporary insurance. This insurance is very valuable to those who due to some reason do not have insurance for a short period of time. Usually this insurance remains in force from a period of thirty days to up to a year.
Temporary insurance is of great help to those who have switched jobs due to which reason they may not have the benefit of insurance cover from their new employer for a while. It is possible that their earlier employer may offer COBRA cover but this is extremely costly to maintain.
There are times when a person quits a job to go back to college to complete an education or to make a value addition to it. Under such circumstances they may opt for temporary insurance knowing well that it will not be long before they return to work. As a stopgap arrangement of this kind, this is of great value.
At the same time,this type of insurance provides immense respite to people who have been laid off their jobs and therefore are without any insurance cover.
Sometimes, parents with infants opt to give up their jobs for a short while in order to devote more time to their little ones. Temporary insurance is a good option for them too.
To get this insurance you will have to get in touch with an insurance broker as it is sold through them.
There are several factors that influence the rate of the insurance. If you plan to purchase it for your whole family, temporary insurance will cost you more than if you opt for cover for just yourself. The premiums are higher for people who use tobacco products. Another factor that determines the rate of temporary insurance is your age. In some states it is necessary to get a medical examination done and the insurance rate will depend on this. The time span of the insurance policy and the region that you reside in, all determine the rate.
Temporary insurance premiums like other kinds of insurance are also dependent on the deductibles. A higher deductible means a lower premium. However, you must remember to select the premium according to your paying capacity.
Doctor visits and check ups are covered by temporary insurance. At the same time, it is a great bonus that expensive emergencies like, emergency room visits and surgeries also fall within the ambit of this insurance. There is the provision of co-pay too, which implies that you have a fixed doctors fee for every visit. Even the doctors prescription is covered by some insurance policies.
When you are not covered by any kind of insurance it is highly advisable to take recourse to this insurance cover since it is understood that health problems can crop up at any time. If you do not wish to receive a financial setback by being negligent in this respect opt for temporary insurance.