Anthem Blue Cross Blue Shield is a leading medical insurance provider offering wide-ranging coverage in various types of plans, including short-term policies of anywhere from one to six months. These temporary policies are designed for people who expect to be without health insurance for only a short time. Blue Short Term plans are very similar to the company's conventional health insurance policies but are significantly less expensive.
Short-term medical insurance is useful for people who expect to be unemployed for a short time, as a bridge between two conventional policies. It also is an option for people who have recently graduated from college, early retirees who will be eligible for Medicare soon or plan to start a new career, people beginning self-employment who expect to be able to afford a conventional policy in a short time, and workers who are on strike. In addition, some jobs do not begin coverage immediately, making Anthem Blue Cross Blue Shield short-term medical insurance a consideration.
A Blue Short-Term policy can last from one to six months and any length in between. The company is willing to renew the policy one time, as long as the person still does not have any health issues. After one renewal, Anthem requires a waiting period of six months before applying again.
Blue Short Term is very similar to Anthem's regular health insurance policies. It covers office and home medical visits, prescription drugs, laboratory diagnostics and x-ray, hospital and outpatient procedures, emergency room visits, ambulance transport, organ transplants, and more. The policy also allows customers to go to any doctor or facility of their choice.
The main advantage of short term medical insurance is its cost compared to a traditional policy. With Anthem Blue Cross Blue Shield, in 2009, for instance, with a $1000 deductible, a person under 30 could buy temporary coverage for about $49 a month, but a similar conventional policy would cost about $90 a month. Risk assessment analysts know that individuals healthy enough to qualify for a temporary policy will most likely not encounter any major health problems within the next six months. This is particularly true for younger adults, and Anthem prorates its insurance premiums accordingly.
The most significant disadvantage of short-term medical insurance is that any chronic or severe disease that occurs while covered under short-term medical insurance will be determined as pre-existing for any future insurance applications. This may be the most important consideration when deciding whether to pay extra for a conventional policy rather than opting for short-term coverage. If someone is certain he or she will be covered by an employer within a few months, then a short-term policy is a less risky option than for individuals who are unsure about coverage in the future. Those persons may want to buy a conventional policy so they do not find themselves unable to get coverage once the short-term policy ends.