As the term implies, short-term health insurance should only be a temporary solution for your health insurance needs. If you have the capability of purchasing a more comprehensive health insurance plan, short-term insurance is definitely not for you. So who are the people who need and will benefit the most from a short-term health insurance plan?
Unemployed – If you are in between jobs, a short-term health insurance plan will be perfect for you since it is very cheap and will not tie you to paying coverage for a long time. This includes new graduates that are still looking for jobs.
Newly hired employees – It usually takes 6 months from the date of employment before an employee is eligible for the company’s health plan. To ensure coverage during this time, purchase a short-term plan.
Newly Independent Children – Young adults that are not full-time students and reach the cut-off age for their parent’s health insurance plan can buy short-term insurance until they find a job that has health insurance benefits or is able to purchase a private plan.