Advice Pool - Insurance

There are several reasons you would look for a short-term health insurance. You may have just graduated college so you are no longer covere

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

d through your parent’s policy. You may not have a job and be covered by an employer's insurance. You may have just lost or left your job a

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nd require a health insurance coverage until you secure a new job. You may have also just landed a job but it will be several months before

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

you get health insurance coverage.

Whatever your situation is, having no health insurance even for a short period of few months can be ver

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

y risky. If you are in this kind of a mess, temporary health insurance coverage will be of great assistance to you.

Temporary Health In

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

urance Coverage: What is it?

The name itself is pretty self-explanatory. A temporary health insurance policy covers you for a short p

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

eriod of time, anywhere between one to six months. However, longer period variants of health insurance are also available at times. If you

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

equire a longer health insurance coverage, some of these temporary policies can be extended, but a traditional health insurance plan is mor

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

e beneficial in such cases.

Features of a Temporary Health Insurance Plan

Most of the medical conditions that the traditional poli

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ies cover are also covered by the temporary health insurance, yet these significantly differ from them. Temporary health insurance plans ar

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

e a lot stricter regarding indemnity plans. Diagnostic and preventive treatments like check ups, dental and optical check up are not covere

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

d. Already existing medical conditions and work-related injuries are also not under the purview of a temporary health insurance policy.

Yo

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

r temporary health insurance will give you coverage for any emergency conditions that you might suffer like prescription drugs, hospital an

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

d intensive care needs,X-rays and many times in home medical care too.

How to Get a Temporary Health Insurance

First of all, you

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

eed to get hold of an experienced health insurance agent. Decide beforehand regarding the period for which you will need the coverage and f

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

rom when. Read the ‘exclusion’ clauses very carefully and don’t hesitate to query and put forth your doubts. After you complete the applica

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ion form, review it so as to ensure that every bit of information you have given is true. Keep a copy of all paperwork for your files.

Tem

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

porary health insurance cost varies depending on the kind of coverage you choose. Lower costs have a higher deductible 50/50 insurance opti

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

n. Also do weigh some additional options. The prescription medicines are generally very costly, so it is better to go for getting them cove

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

red rather them not having insurance on it. Read the policy very carefully and weigh if the policy is worth the price you are going to pay

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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