If you are in between jobs and think that you need health insurance to find another job, temporary health insurance may be the solution for you. Below is a summary of how it works, some of the benefits, and some considerations to keep in mind when planning temporary health insurance for your family.
How Does It Work?
Temporary health insurance coverage in South Carolina is for a limited period of time. Most policies offer a minimum of one month and a maximum of six months, after which your policy expires. The application process is almost the same as for individual insurance. The applicant must go through a verification process and must be approved for coverage.
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At this point, the applicant is informed that details of the premium, deductions, and duration of insurance will be discussed. Most temporary health insurance providers will also not allow you to change the length of your coverage.
Temporary Health Insurance Benefits:
Signing up for this type of health insurance is usually the quickest way to get coverage because your coverage period is short. Some policy providers even offer next-day approval. This type of protection is also suitable for people who expect to be hired immediately and only need temporary protection, or for entrepreneurs who want to join a company. In either case, the policy doesn't require you to commit too long.
If you expect to be hired in the next few weeks, this type of coverage may not be a good choice for you. Most companies offer group insurance and the minimum coverage period for temporary health insurance is at least one month. However, if you're still looking for a job and hope to land one within three months, it's a good idea to complete it during that time.