Short-Term Health Insurance

Jul 20, 2022 By Susan Kelly

The short-term insurance policy, which is also referred to by the name short-term medical (STM), is an inexpensive choice for purchasing temporary insurance. A "safety net" benefits if you are in a gap in your insurance coverage and wish to stay clear of a huge bill when you suffer a serious accident or illness requiring hospitalization. Short-term health insurance could be an excellent option if you're in a job transition, in the process of gaining Medicare acceptance, or lost your insurance and don't want to wait for Open Enrollment.

STM insurance is offered year-round and, based on location, could vary in duration from 30-days to 36 months. Short-term health insurance generally includes unexpected injuries, illnesses, emergency treatment, and hospitalizations. However, the coverage may be limited in terms of how much it will be able to pay in these instances. STM plans typically do not cover prescription medicines or pre-existing medical conditions, as well as continuing treatments (e.g., physical therapy), dental or eye health, pediatric health care, prenatal treatment, and mental health. The deductibles and coinsurance costs--the sum you pay before the insurance begins to kick in - can be excessive.

If you're into a gap in coverage and considering STM finding the right short-term health insurance policy to meet your needs is essential. Researching and reviewing the fine print is essential since every company's plans and prices will differ. We researched plans offered by the top insurance firms and created this list to help to find the most suitable short-term health insurance policies.


Everest is underwriting insurance. The company holds a Moody's rating of financial strength for insurance, A1, and different types of policies available, including specialty, property, casualty accident, health, and specialty insurance. They provide policies in over 25 states across the nation. Some of the features that Everest STM offers include:

  • Maximum coverage benefits range from $250,000 up to $1.5 million
  • Options for coinsurance include 50/50, 70/30, or 100/0, with copays of 40 or $50.
  • Wellness benefits care for preventive medical treatment

After you've been approved, emergency coverage starts the following day. There are five days of waiting time for the standard wellness benefit. There's a 30-day waiting period for cancer-related benefits (cancer is diagnosed only after 30 days of the plan's commencement date) and an extended waiting period of six months for other services, including tonsillectomy herniorrhaphy and many more. While Everest cannot provide coverage for prescriptions, the company offers discount cards for prescriptions.


UnitedHealthcare brief-term insurance for health is the ideal choice if you're seeking a variety of plans with benefits that aren't typically available in short-term plans, for example, preventive health care and dental insurance that is optional when there is. While certain UHC plans limit your access to providers within the network, UHC has a sizable network of over 1.4 million doctors and over 6,500 hospitals. An affiliate company underwrites short-term plans that UHC offers, Golden Rule Insurance Co. Both firms have excellent financial strength ratings, which means they can pay claims on policies.

Pivot Health

Pivot Health has been around since 2016, managing more than $7 billion in premiums for insurance, and is associated with Communicating for America. A consumer-focused advocacy group that advocates for affordable health care for Americans. Pivot Health has easy-to-use online tools to help you determine your insurance requirements before they provide you with quotes. They also offer various options with discounts of up to 70% on prescription medications. Also, you will receive 15% and 30% discounts on eye examination lenses, frames, and contact lenses, which makes this business stand out because of its outstanding STM value. Get quotes through Pivot's website. Pivot website to learn about the plans they have in your area and how much they cost.

Deductibles range from $1,000 to $10,000, while the maximum annual limits are between $100,000 and $1 million. Each plan has coinsurance rates of 20 or 30 percent, and the maximum amount of coinsurance that you can pay out is anywhere between $3,000 and $10,000.

Examples of most frequent exclusions are pre-existing medical conditions and immunizations, regular physical examinations, and injuries caused by extreme sports. The waiting period is five days in the event of illnesses, 30 days for cancer, and six months for specific items, such as an operation to remove the tonsilla.

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