| Lawmakers are scrambling to work out the kinks in | | | | coverage. Temporary Health Insurance can be |
| the Financial Stimulus Plan. One of the plans focus has | | | | anywhere from for 1 to 12 months and most |
| been on consumer healthcare cost and ways to insure | | | | Temporary plans can be renewed. Temporary heath |
| healthcare for families in this economic crisis. Recent | | | | insurance plans are a smart way to protect you or |
| reports say all the details are not yet known as the | | | | your family members during an unemployment period. |
| house and senate work to finalize the plan, but the | | | | Even if you locate new employment you may face a |
| outcome should be good and released as soon as the | | | | waiting period from 90 to 120 days for employer |
| end of March. The purpose of the COBRA subsidy is | | | | benefits. The same carriers that provide group health |
| to help many Americans who are losing employment | | | | plans provide short-term medical insurance and |
| maintain coverage. The plan will provide as much as | | | | individual plans including: Well care, Aetna, United |
| 21.4 billion in COBRA healthcare subsidies. | | | | Healthcare- Golden Rule, Humana , Blue Cross Blue |
| What does this mean for you? | | | | Shield and Assurant health. Consumers can obtain |
| If your recently lost your job and have been unable to | | | | many of the same features and benefits offered with |
| secure new employment you will most likely be | | | | permanent health plans such as co-pays, prescription |
| required to accept COBRA to maintain your personal | | | | drugs, choosing doctors, deductible options, hospital |
| or family employment health coverage. According to | | | | benefits, ambulance services, surgeries and transplants. |
| the new bill the government will subsidize somewhere | | | | These features and services as well as cost will vary |
| between 50-65% of the premium. The length of the | | | | from one insurer to the other and should be reviewed. |
| subsidy plan will run from 9 months to as long as 18 | | | | One interesting fact is if you had creditable coverage |
| months. However single filers and married filers will lose | | | | from an employer in the last 12 months you can qualify |
| eligibility at incomes over $125,000 and $250,000 | | | | for short term medical by simply applying and |
| respectively. Also of worthy research is what many A | | | | answering a few simple health questions. These two |
| rated health carriers have designed for this purpose is | | | | options are important to the American public as |
| temporary health insurance or also known as short | | | | statistics estimate unemployment rate approaching |
| term medical coverage. Short Term Medical Insurance | | | | 10% many will find that health care cost will be the first |
| is a form of health insurance that is typically used for | | | | expense they will let slide. |
| covering gaps on permanent health insurance | | | | |