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What Is Short Term
Medical? |
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Short Term
Medical is a temporary health insurance plan (30-365 days) designed
for people who are between permanent health plans. It's an affordable
alternative to COBRA or other continuation of coverage available under
a former employer's plan, particularly if you don't have preexisting
conditions, and is often 25% to 50% less expensive than a permanent
individual medical plan.
Click here for rates.
Whether you are: |
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Between jobs
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Waiting for employer group coverage
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A
recent college graduate
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A
temporary or seasonal employee
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A
dependent falling off your parent's plan
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A
laid-off, striking or terminating employee
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Short Term Medical can
provide you with the peace of mind you deserve, providing affordable,
health coverage that protects you or your family - for only dollars a
day. Consider some of the examples of actual claims paid by Time
Insurance Company in the
link to this brochure ranging from $11,048 for a broken leg due to
falling off a bike to $1.1 million for an aneurism in a male, age 25. That's why going without health insurance, even for a
short time, puts you or your family at serious financial risk. |
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Here's How The Plan Works |
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Short Term Medical
is simple, flexible and affordable. You choose the plan that best
meets your needs and budget by selecting from the features below. Best of all, you can obtain
coverage as early as the next day! |
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Options for Plans with
30 to 185 Days Coverage |
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$250
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$500
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$1,000
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$2,500
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100%
(not
available with $250 deductible)
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80/20%
(Time Insurance pays 80%; you pay 20%)
to
$10,000 of covered expenses;
thereafter, Assurant pays
100% to the $2 million maximum benefit
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50/50% to $10,000; 100% thereafter to the $2 million maximum benefit
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30-185 days
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Options for Plans with
30 to 365 Days Coverage |
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$500
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$1,000
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$2,500
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$5,000
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80/20%
(Time Insurance pays 80%; you pay 20%)
to
$25,000 of covered expenses; thereafter, Assurant pays 100% to the
maximum benefit
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50/50% to $10,000; 100% thereafter to the maximum benefit
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$1
million (standard)
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$2 million (optional)
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30-365 days
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Since this plan
is not a PPO or HMO, you choose your own doctors and hospitals. For additional savings, you can reduce
your medical bills by using the doctors and hospitals participating in
PHCS Healthy Directions. Simply call PHCS at 1-800-357-6847 or visit
them on the web at www.phcs.com,
click on the "Find A Provider" icon to verify that your doctor or
hospital is part of the PHCS network. Then present your medical identification card
with the PHCS logo on it at time of service and your provider will
bill you at the reduced PPO network rate for services. |
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Benefits Are Paid As Follows |
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FIRST:
You pay the deductible for each covered person
(for
families, the maximum deductible you will have to pay is equal to
three times the individual deductible amount for deductibles of $250
or $500; for deductibles of $1,000 to $5,000 only one common,
aggregate deductible
needs to be satisfied by all covered family members).
Plans
with 30-365 days coverage also require you to pay a "copay" of
$150 per emergency room visit and $500 per in-patient hospital stay.
THEN:
Once the deductible is satisfied,
Time Insurance pays 100%,
80% or 50% of the next $10,000 or $25,000 of covered expenses
(depending on the rate of payment and length of coverage options
you've selected).
THEREAFTER:
Time
Insurance pays 100% of remaining covered expenses up to the plan
maximum of $2 million or $1 million
(depending on the length of coverage option you've selected) for each covered person. |
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