Many unemployed individuals feel that expenses like health insurance can be avoided since, for the majority of those who are out of work, their spending practices have been quite restricted. However, there are some unemployed men and women who are turning to short-term health insurance plans as a way to cover themselves if a major medical emergency arises.
Typically, a health insurance plan from employer can help costs related to medical expenses that range from those incurred from a typical doctor’s visit, preventative care, or even in situations where a major medical expense has been incurred. Yet, short-term health insurance is only used in case of a major accident or injury, which would lead to a large amount of medical expenses.
Again, there are many unemployed men and women who feel that medical expenses are simply a cost that can be avoided, many of these plans can be quite affordable and would also allow the unemployed policyholder to avoid major costs if an unforeseen illness or injury arises. While, there could be discounts for certain types of treatment, typically, these policies are only for major medical emergencies.
Yet, many unemployed men and women feel that these health care plans are necessary but fail to realize that a catastrophic accident could occur at any time in one’s life. Unemployed individuals have been advised to research these plans before proceeding, as again they can vary in costs, but most short-term health insurance plans are reported to be cheaper than plans like COBRA.
Health insurance is something that is a very personal decision and must not be entered into lightly. Yet, these health insurance opportunities for unemployed men and women are simply being used as a preventative measure in case major medical expenses are suddenly incurred. While there are deductibles that must be met, men and women who are choosing these short-term health insurance plans are doing so simply to avoid paying excessive medical costs in the long run if a problem arises and choosing to meet low-cost monthly payments as an alternative.