Despite advancements in modern health technology, humans are still prone to a wide range of life-altering diseases and ailments. Health care and the average person’s ability to access it has become the center of heated discussion within the United States and for good reason.
If you’ve tried acquiring health insurance yourself, you’ve likely become familiar with the concept of the waiting period. This is a chunk of time between when a person signs up for insurance and when their coverage begins.
However, most people aren’t aware that there are some no waiting period health insurance options out there. What do you need to know about this kind of insurance? Read on and we’ll walk you through what you need to know.
Understanding Waiting Periods
There are many Americans currently looking for insurance who will need to take the time to understand how coverage plans begin.
When you enroll in a new health plan, whether through the federal government or through a private insurer, there’s typically some type of waiting period involved. The coverage delay can vary from plan to plan.
In some cases, an individual might only have to wait a few days before their coverage kicks in. In other instances, they might need to wait as long as a year.
These waiting periods are often used by companies to handle high turnover rates from their clients. Insurance companies often have huge waiting periods for those with pre-existing conditions. These waiting periods often last more than a year on average.
If you’re switching to a new form of health insurance, you might feel as if you need protection during the months before your new insurance kicks in. What should you do at this juncture?
Understanding No Waiting Period Health Insurance
If you’re in a position where you need health coverage to kick in right away, there are no waiting period plans that you can look into. Often, these take the form of short-term insurance plans that are intended to fill gaps in a person’s coverage.
There are many different kinds of short-term plans out there that are worth considering. Often, these plans are more affordable than long-term coverage.
The cost will also depend on the specifics of the individual’s current health and what type of coverage they are interested in receiving. Some people choose only to have catastrophic insurance in place during this type of transitionary phase. Others decide to get as close to their typical coverage as possible.
Not all no waiting period insurance plans are short-term, however. Many insurance providers offer certain plans with no waiting period to help lure in new customers.
You’ll have to shop around and see what might be available to you if you’re looking for quick-acting insurance.
Securing Health Insurance
If you’re worried about your health and overall well-being, you’ve likely taken the time to look into insurance plans. Securing a no waiting period health insurance plan can help you get the coverage you need when you need it.
Have more questions about securing insurance? Give us a call anytime for assistance.