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| *Loan,banking and credit>>>health insurance |
Can someone tell me what the definition of renewing a short-term health insurance policy is really referring.. |
to because I thought it was simply the option and process of reapplying for a new short term policy at the expiration of the previous policy??? Because, for my short-term health insurance I can reapply as many times as I want but I'm sure the preexisting clause still applies if I get ill with the first policy as it is considered an altogether new policy...so basically I cant "work" the system by applying for coverage early and being approved early, as the preexisting condition still applies. Illnesses that roll over to the new policy will not be covered as they are preexisting? Of course, I guess I could get a short term policy outside of the company im with now that overlaps although Insurance companies don't want to insure people who already have insurance? You are using short term insurance in the wrong way. It is not really meant to be renewed but rather as a bridge between more permanent employer-sponsored plans. If you need to do this however, you may be better off signing up for a new policy with a new insurer that takes effect the day after the old one expires. That way you solve this problem. Short term health insurance is really designed for people in between jobs or just graduating. The one I deal with has a 2 year benefit period, so a claim under one policy could continue to pay for 2 yrs, but when you apply for a new policy, this would be a pre-existing condition and probably not covered under the new policy. If your illness continued after 2 years you may find yourself without insurance that will pay for it. Short term policies can be limited in other ways too, the best thing to do is read the limitations - if you need to, call the company's customer service line and ask questions. You are better off taking insurance that is not short term, unless there is a specific reason, graduation or between jobs. Also, the company that I deal with will only let you reapply once after the initial term. I'm sure they are all different; I can only speak for the one I represent. |
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