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Short Term Medical Plans apply today and be secured for tomorrow

by HDS Insurance Services on Apr 1, 2011

Insurance plans are the contracts between the policy holder and the company that offers the plans. Like any other medical plans, short term medical insurance plans need to get approved by the state government. These medical coverage options are paid on a monthly basis and can be canceled at any time for any reason. Anyhow, it differs from regular plans to a great extent. The major difference is based on the liability of the insurance company. The term period that insured choose is the amount of months she/he can get coverage.

Short term medical plans generally have a term period of 6-11 months. Insured might be eligible to apply for next plan after the end of the policy. Anyhow, they may not qualify to renew a plan if they had a major claim during the term of the policy. In today’s life transitions, it is not wise to go without insurance coverage. Accidents and Illnesses happen unexpectedly and result in disastrous medical bills. What is the need to put your life at...Read More >>



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Limited Medical Benefit Plans vs. Mini Medical Plans

by HDS Insurance Services

There are many different names for Limited Medical Benefit Plans. Many people mistakenly believe there is a difference between these types of names, when they are all really the same. Basically the industry started out calling these types of plans Limited Medical Benefit Plans, but after several years, certain marketers of these plans tried to get creative and started calling them by Limited Medical Benefit Plans, and tried to say that Limited Medical Benefit Plans offered a more comprehensive benefit than a mini-medical plan even though the plan design had not changed. Since then other...

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