Florida Temporary or Short-Term Insurance Plans

Florida temporary insurance can be an ideal solution for many situations. These are full major medical plans without the restrictions of a network. The underwriting is somewhat relaxed when compared to traditional PPO or HMO plans and they can be issued within 24 hours. Some companies will even bind insurance the same day you apply.

There are some drawbacks to these plans but when used properly they are hard to beat.

Use this site to explore the pros and cons of Florida temporary health insurance plans.

Florida Temporary Health Insurance - Complete plans?

It is important to understand that Florida temporary health insurance plans are not limited products. They are complete major medical plans and will provide excellent coverage if you need it. However, they do not offer some of the options that are available with a full PPO or HMO plan. For instance, they do not have copays for doctor visits or prescriptions and do not have maternity or accident supplements. They were not designed to be a permanent replacement for other types of insurance.

Simplified Underwriting

Florida temporary health insurance plans use simplified underwriting and are usually easier to obtain than other plans. They do not have height or weight questions and their look back for preexisting conditions is from three to five years.

The reason they are so liberal in underwriting is because they do not have long term risk. They will eliminate anyone with a recent serious illness and know that they will relinquish financial responsibility within a year or less.

The Downside to Florida Short Term Plans

While they are very convenient to obtain, Florida temporary health insurance plans do carry some risk.

FIrst of all, if you develop an uninsurable condition while owning these plans, you will not be able to renew them. Although, they do count as credible coverage towards HIPPA.

Second, they are no networks to control costs. While the plans pay usual and customary charges, the hospital is free to charge whatever they please. We suggest that you look into an inexpensive PPO network card when purchasing these plans. It is not an absolute necessity, but it offers additional protection and can save you money in the long run.

A Hybrid

Florida health insurance has become very expensive. Florida temporary health plans can offer a considerable cost savings by comparison. Plus, their rate increases have been much lower.

One company offers a three year temporary plan. At the end of three years, it can be renewed for another three years with a one day lapse. This process can be continued until the insured is 59. If the insured develops a medical problem that prevents renewal, they can obtain HIPPA coverage.

We have found that most individuals do not hold on to their PPO plans for more than a year or two. Rate increases drive them to other companies. By combining this longer term temporary plan with a PPO network, they can obtain a plan that will be competitively priced for many years.