Temporary Health Insurance Plans Offered By Golden Rule Insurance

The Golden Rule Insurance Company, a group owned by United Healthcare, has introduced two new short-term insurance plans in 19 participating states across the country that are intended to meet the needs with great flexibility while providing more cost-affective coverage.

The Short Term Medical Plus and Short Term Medical Value plans have been designed to bridge gaps in health insurance coverage for workers in various circumstances. You may be between jobs but you can’t pay for COBRA or you can’t qualify, a recent college graduate searching for employment, or students who now must find coverage separate from their parents’ plans.

The Golden rule options are also for those who aren’t yet covered by their employer’s insurance plans as well as early retirees awaiting Medicare eligibility. The idea is to provide coverage for those Americans whose lives are in transition for one reason or another.

Residents of Alabama, Arkansas, Florida, Iowa, Illinois, Maryland, Missouri, Mississippi, Nebraska, Oklahoma, Pennsylvania, Tennessee, Texas and Wisconsin may choose from one month to a year of coverage with either of Golden Rule’s new short term plans. Unfortunately, Arizona, Indiana, Michigan, Ohio and Virginia, allow only up to six months of coverage for qualifying customers. In order to extend coverage, consumers in these states will have to reapply for additional time.

It seems that with the state of today’s economy, the need for low-cost health plans for those individuals and families who suddenly find their circumstances have changed and they don’t have health insurance is a legitimate one.

“Life circumstances can change quickly, and with these new plans, we want to give consumers a choice of plan designs, deductibles, months of coverage and payment options so individuals can decide what will best meet their family’s current situation,” said Golden Rule CEO Richard A. Collins.

“While most people understand the importance of having health care coverage, many consumers new to the individual market don’t know that there are lower-cost, quality health plans available and how to find them,” Collins said.

A recent national survey has revealed that among the 1,000 people between the ages of 18 and 21, about 82% said they believed that health insurance is a necessity that they cannot ignore. The trouble was that many lacked the knowledge to make appropriate decisions on what sort of coverage to buy for themselves once their parents coverage or that provided by college lapsed.

With many more consumers struggling to include health insurance in their ever-tightening budgets, Golden Rule’s new short-term plans provide a broader range of deductibles to choose from so premiums can be kept at affordable levels.