You cannot deny the term that health insurance are one of the critical requirements of life, the importance of health insurance can only be felt if there is an emergency that requires large amount of medical treatment that involves high amount of spending. The worth of health insurance can be felt only during such conditions. One of the important factors that influence the selection of the insurance policy is the cost of the insurance. The extended policies which provides wide amount of coverage for a larger period of time will be very expensive and there are people who will not be able to afford it. For all those people Short Term Health Insurance will be a fascinating option to consider since it will be providing good level of coverage for restricted period of time. Thus the person will be able to make large amount of savings. Similarly cost can also be reduced by the implementation of International Student Insurance that will be of great use for international students for coverage for various kinds of the costs that will be incurred. Trip Cancellation Insurance is also another new type of insurance which can be of great use for entrepreneurs and people who are involved in frequent travel.