Pre Existing Condition Health Insurance
Finding a good health insurance policy that fits within your budget is hard enough, but with a pre existing condition, finding health insurance can seem impossible.
Pre Existing Condition Health Insurance: What is it?A pre existing medical condition is any sort of medical issue or problem that you had prior to beginning your health insurance coverage. Some types of health insurance plans do not cover common pre existing conditions including obesity, diabetes, depression, and arthritis. Although pregnancy is not a medical problem, it does put you at higher risk to the insurance company because you will have more medical needs, so it is included in the list of pre existing medical conditions.
Pre Existing Condition Health Insurance: A WarningDon’t try to hide your pre existing medical condition when you apply for health insurance. That may seem like the only affordable alternative, but you must be honest on your health insurance applications. If you were to attempt to cover the fact that you have a pre existing condition from your insurance company, they will legally be able to deny any claims that you file in the future. This means that while you may have been paying them your monthly premium for 3 years, they do not have to send you a penny towards your medical bills, because you lied on your application.
Pre Existing Condition Health Insurance: The Exclusion PeriodIn order to discourage people from getting insurance only after they discover that they have a problem, insurance companies have a pre existing exclusion period. During this period of time, they will deny any claims that you file that have to do with your pre existing medical problem, although they will cover your other medical needs. This period can be as much as a year and a half, which can make it very difficult for you to take care of the high cost of your pre existing medical condition. Exclusion periods vary throughout the country and are different for individual policies and job based policies, so it is important to look around and check your options.
Pre Existing Condition Health Insurance: What are Your Options?It may seem like your options are very limited if you have a pre existing medical condition and are looking for insurance. However, there are some options available. Getting COBRA is one of them. Although COBRA can be very expensive, it may be one of your only options for getting insurance. However, a better option might be to get group insurance. It is possible to get group insurance for just one person. This kind of insurance makes you like a company and guarantees that insurance companies cannot charge you a higher rate because of your pre existing condition. You can create your own business from your home and create a group of one insurance plan. In some states, groups of one are not allowed, but this problem is easily solved. Hiring a family member to work for you will make you a group of two and help you to get insurance. However, it is important to note that you still may be denied coverage for your pre existing condition a short period of time. If you lose insurance through your job, you can apply for “the insurer of last resort” which is required by your state to cover everyone, but you must apply within 63 days of losing your old coverage. A state sponsored risk pool might also be a good option for you if you live in one of the 30 states with this kind of program.
Pre Existing Condition Health Insurance: Get a Free QuoteIt can be difficult to find a good health insurance policy if you have a pre existing medical condition, but we’d like to make the process easier. Type in your zip code at the top of the page and we will get you a free quote that will compare some of your insurance options. This will help you find a health insurance plan that will best suit your specific needs.
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