It's possible that a change in your job or schooling status has just made you eligible to own the lowest-cost health insurance available. If you are healthy and unemployed, employed part-time, going to school, graduating from college, leaving home for the first time, or even retiring early, you might consider carrying short-term health insurance coverage.

Designed for healthy individuals and families who do not need coverage for pre-existing conditions, short-term policies can provide a low-cost safety net in case of illness or injury that might develop during the coverage period. Depending upon the plan, benefits can be generous and wide-ranging, with most policies providing up to $1 million or $2 million per person.

However, just as the name implies, short-term health policies are a temporary solution. Most short-term policies limit the amount of time that you can keep the policy to 12 months or less.
The most important thing to remember when buying short-term coverage is that these low-cost plans are not designed to cover any pre-existing conditions. This limitation explains why the monthly premiums are so low for this kind of coverage.

Most insurers only sell short-term health policies to people under the age of 65. And if you have ever been denied health insurance, you probably won’t qualify for short-term insurance.