Answers - Insurance

Medical insurance is one of the most important things that you can purchase for yourself or

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

for your family. We have come to depend on medical insurance every time that we have to s

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

Examples of combination products may in

ee the doctor or go to the hospital. If you have kids, then you know that without medical

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

insurance you would probably be in the poor house. If you were to lose your medical insura

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

nce for some reason, then you might find yourself in a tremendous amount of debt in no time

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

Combination pro

.

Gaps in medical insurance coverage can occur for many different reasons. When students

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

graduate from college, when people change jobs, or when you are waiting for group coverage

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

to start, are just some of the reasons that gaps can occur in your medical insurance. The

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

best way to assure that you and your family will still have coverage during these gaps is t

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

o get short term medical insurance coverage.

Short term medical insurance can be purchased

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

to help while you are waiting for your regular medical insurance coverage to start again.

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

Following aspects would a

Short term medical insurance will only cover you for one month to one year. If you need c

dd to the challenges in developing combination products:

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

overage longer than that, then you can usually transition into a regular medical insurance

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

plan if the company you bought your short term coverage from offers it.

Usually short term

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

medical insurance plans will only cover accidents and unforeseen illnesses. If you have a

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

ny type of preexisting illness, then you will not be eligible for short term medical insura

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

Professional from academic institutions, pharmaceutical industries, health care indust

nce coverage. However there is another type of short term medical insurance called COBRA t

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

hat may be available to you. This is a government-regulated option that can help to extend

.

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

your employer-sponsored medical insurance until new medical insurance is obtained. COBRA

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

Companies that provide selfless information through particip

is a great choice if you do not want to purchase another short term medical insurance plan.

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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Answers - Short Term Medical Insurance Plans: Important Options

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