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North Carolina Short Term Health Insurance
Short Term Health Insurance in North Carolina refers to medical insurance that provides protection against unexpected health care expenses. In North Carolina, policies can be purchased from 30 days to 3 years.
The application process is simple - only a few qualifying questions to answer. Coverage can begin as early as the next day.
Interesting Fact: Paying for health care is the number 1 cause of bankruptcy filing every year in the U.S. Almost 2 million people need to file bankruptcy because they cannot pay their medical bills each year, and outside of bankruptcy, over 20 percent of the population (about 56 million adults) between the ages of 19 and 64 struggle with health-care related bills each year.
What is Short Term Health Insurance?The first thing to do is define short term health insurance. There are two parts to this: What short term health insurance was, and what short term health insurance is now.
In the not too recent past, short term health insurance was designed just for short term situations. The health insurance term duration ranged from several months to a year.
Today's short term health insurance plans are quite different. In North Carolina, many short term health insurance plans offer doctor visit copay benefits, preventative services, prescription drug benefits, and more. There are now short term health plans available in North Carolina that can be held for up to three years before a new application is needed.
The short term medical insurance benefit structure is beginning to look a lot like traditional health insurance plans. North Carolians have noticed. Short-term health insurance is becoming an ideal health insurance solution for a growing number of North Carolina families.
Interesting Fact: As of 2018, the most expensive drug in America is Horizon Pharma's Actimmune, which treats a rare genetic disorder called chronic granulomatous disease as well as a rare bone-hardening condition called malignant osteoporosis. Actimmune costs $52,321.80 per month, or a stunning $671,861.60 per year, according to CBS News.
Short term health insurance is not for every circumstance. It lacks several of the guaranteed benefits that are part of the Affordable Care Act portfolio of plans. However,
There are several notable advantages.- Affordability. Traditional Health insurance options can be very costly. A short term health insurance plan will likely be a more affordable solution.
- Employment Gap. If you receive health insurance through your employer and are between plans or jobs, short-term health insurance can help cover you and your family for the interim.
- Network. If you live in an area with few healthcare providers, short-term insurance may help expand your options.
- Near immediate coverage. In most cases, you can qualify and be covered by a short term health insurance plan within 24 hours.
UNC REX Hospital
4420 Lake Boone Trail
Raleigh, NC 27607
Phone: (919) 784-3100
Plus Code: R78W+XR Raleigh, North Carolina
Find: Map
Speaking with a true health insurance specialist will help you determine if a North Carolina short term health insurance plan is the right choice for you and your family. Give us a call today.
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