Which of the following best defines short-term insurance?

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Short-term insurance is designed to bridge gaps between longer-term plans by providing temporary protection with limited benefits and lower cost. These plans typically run for a short period—ranging from a month up to a few years—and keep premiums low by offering narrower coverage, often excluding pre-existing conditions and certain services. Because the protection is temporary and less comprehensive, out-of-pocket costs can be higher for covered services and the plan may not cover all the benefits you’d expect from longer-term coverage. This combination of being temporary, cheaper, and more limited in scope is what defines short-term insurance.