Insurers: Short-term health plans on rise - Phoenix Business Journal:

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In fact, sales of individual policies, both shortg term or permanent, are both up over 30 percent from the same periodslast year, which was a record salesw year for the insurance company, said Margaref Jarvis, a spokeswoman for Blue Cross and Blue Shielf of Texas. An increased interest in individual plans, particularlyh for short-term plans for thosed who need temporary coveragebetween jobs, can be seen in the recenr launches of more short-term individual plans by major insurancer companies. For instance, UnitedHealthcare’s subsidiary recentluy introduced two new short term healtgh insurance plans in Texas that offert coverage from one to12 months.
They are designed specificallgy for those who cannot afford or aren’t eligible for Cobrq in the troubled economy. Cobra is a federally mandated programm in which workers who lose their jobs have the right to maintainj their health insurance plan at their compant for a set periodof time. The idea behined Cobra is to make sure aworker doesn'rt have a lapse in health insurancew while in between jobs. The time that someone coulf be on Cobra was recently extendeed through thefederal government's stimulus bill, and premiums for laid off workersx were also reduced.
said it launched a simila short term insurance product called HumanaOnee in April that is being offereddin Alabama, Arizona, Colorado, Louisiana, Michigan, Nebraska, Ohio and Wisconsin. The need for thes types of temporary plans are have become greater in the current Golden Rule CEO RichardCollinws said.