Short Term Catastrophic Insurance is a type of health insurance that can help limit your financial exposure in case of an emergency while saving cost. These plans are sometimes referred to as catastrophic or hospital only policies. They are unlikely to provide coverage for things like wellness visits to the doctor’s office, immunizations, or prescription drug coverage other than that related to a hospitalization. They do offer the most affordable monthly premiums, but usually have high annual deductibles along with higher out-of-pocket costs. In most cases, Short Term is a potential great alternative to COBRA.
