What is short-term medical insurance?

Short-term medical insurance provides protection in case of unexpected illness and accidents, and is usually used by people who want temporary coverage until they are eligible for a permanent plan. These policies typically carry a termination date between 30 and 360 days, depending on the length of the coverage you choose. This type of coverage is most associated with recent college graduates, dependents who are no longer covered on a parent’s plan or people who are in between jobs. It may also be a viable option for those waiting for employer-sponsored coverage to begin as well as a temporary or seasonal employee. In general, a short-term medical plan can begin the day after you apply. Talk to your insurance company for information about your specific situation.