Is short-term health insurance the same as short-term care insurance?
Answer:
No. Although the names are similar, they are entirely different products. Short-term health insurance provides temporary medical coverage during a gap between comprehensive health plans. Short-term care insurance, often offered as a cash indemnity policy, pays benefits when you need help with activities of daily living or have a qualifying cognitive impairment. Depending on the policy, benefits may be used for care at home, in assisted living, memory care, or a nursing home.