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

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In fact, sales of individual policies, both shorrt term or permanent, are both up over 30 percenyt from the same period last which was a record sale s year for theinsurance company, said Margaret Jarvis, a spokeswoman for Blue Cross and Blue Shield of An increased interest in individual plans, particularly for short-term plans for those who need temporarh coverage between jobs, can be seen in the recenft launches of more short-term individual plan s by major insurance companies. For instance, UnitedHealthcare’s subsidiary recently introduced two new short term health insurance plans in Texas that offe coverage from one to12 months.
They are designee specifically for those who cannot affordor aren’t eligible for Cobrqa in the troubled economy. Cobra is a federally mandated program in which workersa who lose their jobs have the right to maintain their healtu insurance plan at their companyu for a set period of The idea behind Cobra is to make sure aworkee doesn't have a lapse in health insurancwe while in between jobs. The time that someone could be on Cobra was recently extended through thefederal government's stimulus bill, and premiumsa for laid off workers were also reduced.
said it launchedx a similar short term insurance product called HumanaOne in April that is being offeredin Alabama, Arizona, Louisiana, Michigan, Nebraska, Ohio and The need for these types of temporary planes are have become greater in the current recession, Goldenm Rule CEO Richard Collins said.