From US News:
“While short-term policies generally cover major medical benefits, which include unexpected medical expenses from an accident or hospitalization for a serious illness, there are coverage limits – and, typically, a deductible that must first be met. According to KFF, there are other coverage limits as well:
- Limits on covered doctor visits to, for example, no more than three visits per insurance period.
- Dollar limits on covered benefits, such as only $1,000 per day in the hospital. Charges above that limit will not be covered. (The average cost of a three-day hospital stay is around $30,000, according to HealthCare.gov.)
- Limits on prescription drug coverage. Some short-term policies might not cover drugs at all. They may offer a drug discount card, but the patient will have to pay the entire discounted price, with no insurance reimbursement.
- Excluded benefits, including maternity care, substance use treatment or mental health services.”
Read more: https://health.usnews.com/health-care/health-insurance/articles/pros-and-cons-of-short-term-health-insurance-plans
When quoting short term plans for our clients, we discuss policy limitations and exclusions and share a more detailed pros & cons guide with the quote. Ask your agent for a copy!