How The Plan Works

Short Term Medical (STM) is simple, fast, and affordable. You choose the policy that best meets your needs and budget by selecting from the features below. Since STM is not an HMO or PPO plan, you can choose your doctor and hospitals. No referrals are needed; no out-of-network penalties are incurred. Additionally, you have the ability to reduce your medical expenses by using PHCS Healthy Directions Network Providers. Private Healthcare Systems (PHCS) is the largest PPO network in the country, giving you access to medical care at reduced costs through 450,000 providers and over 4.000 facilities.

When you apply and purchase online you can be covered as early as the next day.

-Design the plan that's right for you:

• Length of coverage: from 30 to 185 days
• Deductible: amount you pay toward covered expenses before the plan pays benefits - $250, $500, $1,000, $2,500 (more available - contact us)
• Rate of payment (coinsurance): percentage of covered expenses Assurant pays after the deductible - 100, 80%, 50%
• Lifetime Benefit Maximum: $1 Million (other lifetime maximums available)

-Benefits are paid as follows:

• You pay the deductible
• Then, you pay the coinsurance percentage (typically 20%) of the next $10,00 in medical bills
• Thereafter, Assurant pays 100% of the remaining covered expenses

-Purchasing an additional Short Term Medical (STM) plan:

• Short Term Medical plans are not renewable. However, if your temporary need continues beyond your policy period, you may apply for a new plan, if there has been no significant change in your health (varies by state). Any previous health condition or symptom will be considered a pre-existing medical condition that will not be covered under the new plan.
• There is no continuous coverage between plans - your new plan will not provide benefits for any condition or symptom which began during a previous plan. In addition, no benefits are available for any period in which you are not covered by an STM plan.