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There are short-term health insurance policies for people who cannot afford comprehensive health insurance coverage. Typically, it refers to temporary health insurance that provides medical coverage for less than 12 months.
This plan provides immediate coverage for policyholders, making it perfect for individuals who are between jobs and without group medical insurance. It is also suitable for recent college graduates or those awaiting the start of long-term coverage.
The policy covers hospital stay costs, pre and post-hospitalization expenses, daycare procedures, emergency services and network hospitals.
In Lower Premiums, premiums are usually lower than regular health insurance and these typically last between 1 to 12 months.
Travellers, job seekers, students and seasonal workers can benefit from the policy.
Before taking up the policy, one must consider what is covered in the policy, duration, claim process, network hospitals, and cost versus coverage.