Life can lead us to some amazing places like retirement or a job promotion. But sometimes, life transitions like that can leave people without health insurance for a period of time.
The typical retirement age is 65, but there are those who are lucky to retire early. Sometimes, they retire from a job that allows them to keep their benefits until they turn 65 and their Medicare kicks in. However, this is not always the case. If retirees leave a job before they turn 65 and they have been enrolled in group coverage while employed, that coverage can get terminated the month after they resign. This will often leave retirees with a gap in coverage for several months until they reach the effective date of their Medicare. And it is not possible to obtain Medicare early unless you are disabled. There are a few different options for coverage, but in cases like this where a retiree needs coverage during that transition period, a Short Term Health Insurance plan is probably the best option,
Short Term Health Insurance is a flexible, affordable solution for those who are in a transition period from group coverage to their Medicare coverage. Since it is only necessary for a short period of time, Short Term coverage offers a more streamlined package of benefits that someone in good health would want to have handy in case of doctor’s visits or hospital stays. You can use a Short Term plan to pay for services from any willing provider for a much lower monthly premium than other forms of health insurance. Short Term plans also have no Open Enrollment, so you can apply any time of the year for a plan without a qualifying life event. And depending on the carrier, you will be notified within 24 hours of application approval and it can start as soon as the next day.
Short Term Health Plans are an affordable and practical form of coverage to protect you while you are in a waiting period for your Medicare coverage. If you have questions, then book a meeting with an agent.The goal is to lower your potential cost as low as possible while still receiving great medical care when you need it.
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