You may be familiar with short-term health insurance as a product that can help fill the coverage gap for recent college graduates and people who are unemployed and are not eligible for group health coverage continuation benefits.
Today, employers are finding another use for short-term health insurance: Offering it to new hires as a voluntary, employee-paid product that can tide employees over during the waiting period they must get through before they can qualify for standard health benefits.
Employees may have to fill out a simple underwriting questionnaire or even go through a medical exam to qualify for short-term health coverage, and deductibles may range from $250 to $2,000.
New employees may be able to buy short-term coverage for as little as $50 per month, and a typical policy provides ample coverage for emergency care, intensive care and hospital care.