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Why is short term medical insurance so inexpensive? Whats the catch?

April 26, 2017catch inexpensive medical insurance short term

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Why is short term medical insurance so inexpensive? Whats the catch?

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This insurance does not cover the cost of treating pre-existing medical conditions so the coverage is usually only about half the price of other plans. The “catch” is that these plans are not suitable for those people with significant ongoing medical problems.