The new health care legislation made it impossible to write health insurance for children without a parent on the plan. However, short term or temporary health insurance was exempt from this law. So, it has provided a method of obtaining full major medical insurance for a child at reasonable cost.
We presently offer two different short term medical plans and will be adding more in the coming months. While not the most ideal form of health insurance, it does provide full major medical coverage and will adequately protect them in the event of a major illness or injury. After all, that is why you purchase health insurance in the first place.
Before I describe the plans, there are certain things they all have in common.
1. They are "real" major medical plans. This is health insurance folks.
2. They are all good for a limited period of time. Sometimes your state dictates certain time limitations.
3. You can stop them at any time. There are no contracts.
4. They never, ever cover pre-existing conditions. If your child has asthma or allergies for example, it is not covered.
Med Plus Short Term Medical
The Med Plus plan is underwritten by a company called Star Indemnity. I know that you never heard of it, but it is rated "A".
I am not going to go into a long explanation of this plan. But I do want to give you the highlights that will answer most of your questions.
These are short term or temporary plans. That means you have to re-apply either every six months or every 12 months, depending on the plan. But as I just mentioned, you can discontinue the plan any time you want.
The 6 month term plan is cheaper than the 12 month term plan. Both can be renewed. Other than that, the Med Plus plans are the same. The only thing that varies is the deductible.
They will cover the first three visits to a physician or urgent care center for a $50 co-pay. After that, you pay until you meet your deductible. Let me be clear. Everything, and I mean everything other than the first three visits goes towards meeting the deductible.
There is no network. This is good and it is bad.
It is good because you can go anywhere you want.
It is sometimes bad because certain doctors will not recognize the plan. Oh, the plan is quite legitimate. But, the insurance person at the their office was trained by Pavlov. Show them a PPO network and they salivate. Show them a plan where you can go anywhere you want and they get gas. So far, we have not run into any problems.
The plan does not cover checkups or immunizations. Prescriptions are discounted.
For quotes, use our child only health insurance quote page.
Assurant Short Term Medical
The Assurant plan is a little different.
First of all, many of you have heard of this carrier. They sell, individual and group health insurance as well as supplemental products. They have been around for a long time.
The Assurant Short Term plan has a PPO network. Currently, they are utilizing FirstHealth. If you call your doctor you can simply name the network and they won't get nasty.
Now, this is very important. You are entitled to the negotiated PPO network rate for office visits, labs, etc. This can save you a fortune.
If you can afford it, pre-pay this plan for 180 days (6 months). They give you a 20% discount. Now the plan costs the same as the Med Plus.
If your child is under 2 years of age, this is the only plan you can use.
Once again, for quotes use the Fast Quote link at the top of this page.
800-272-0512 (Monday - Thursday 9 AM to 8 PM EST or Friday until 6 PM EST)