COBRA Insurance Option, Get an Affordable Arizona STM Health Insurance Policy

COBRA insurance contains provisions giving former employees, retirees, spouses and dependent children the right to temporary continuation of health insurance coverage. For the recently unemployed it is a shocking moment when they receive their COBRA paperwork and see the full premium they are required to pay to continue their former employers’ health plan. The reason for the increase in payment is that the employer is no longer required to contribute to the plan. For those that are uninsurable, COBRA gives them an eighteen month bridge to a new group health plan. But for those who are healthy, a much less costly option exists in a short term medical plan or (STM).

Short Term Medical insurance provides comprehensive temporary medical insurance coverage that guard against catastrophic costs of unexpected medical bills. Temporary health insurance covers a wide variety of needs, from 30 to 365 days. STM plans are just as comprehensive in coverage as most major medical plans. Temporary health insurance policies cover physician services, prescriptions, X-ray, laboratory services, inpatient hospital stays, inpatient and outpatient surgeries, skilled nursing facility care and rehabilitation up to a lifetime maximum of $2 million. The reason they are so affordable is their short duration and the fact they do not cover preexisting conditions. These plans are valuable for healthy individuals and families that are in between jobs and want a lower cost option to COBRA.

Another valuable benefit of obtaining a short term medical policy is that it provides continuation of coverage. Under federal and state laws, insurance companies can exclude covering preexisting conditions for a newly enrolling employee if they had no viable insurance within the past 63 days. A short term medical plan meets this test and is considered viable insurance coverage by all interested parties.

When you need affordable Arizona health insurance and are between permanent employer-sponsored health plans, short term medical insurance bridges the gap between your old employer plan and a new group plan. This provides coverage that can give you and our family the peace of mind you deserve.

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You can even apply online and be covered as early as tomorrow.