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Health Insurance and Pre-Existing Conditions

Medical health insurance is financial protection against the risk of having medical expenses among people. The insurer develops a financial structure after calculating all the risk of health care expenses for a particular group of people.

Enrolling in a Medical health insurance is a complicated task; people looking for coverage are required to demonstrate that they are physically fit and are supposed to undergo a medical examination. Most of the companies back out from giving insurance coverage to a person who is unable to pass medical examination.

There are still options available to people in the form of guaranteed plans, where they are able to get coverage without any medical examination or even if the applicant has pre-existing condition. As per health plan requirements from state government, guaranteed issue must allow people to enroll in irrespective of their age, health, gender, or other factors which may predict the use of health services.

Understanding pre-existing conditions

Many insurance companies define health related problems as pre-existing conditions. These health problems are already present when a person applies for a medical health insurance. Many insurance companies consider it as a threat to their financial bottom line if they insure people with pre-existing conditions.

Pre-existing conditions can be classified as chronic health problems that are affecting a great number of people like high blood pressure, heart disease, type 2 diabetes, cancer and asthma. Even minor conditions like hay fever may prevent you from getting coverage by many insurance companies.

Look Before You Leap and Avoid Losing Medical Health Insurance

Some people may have to put their process of shifting from one state to another on hold, not because of tight job market or their inability to find an affordable home but due to medical health insurance. Since every state has set their laws regarding pre-existing conditions so the insurance policy that works in one state may not work in other state.

For example people who are diagnosed with multiple myeloma need regular check and chemotherapy so they can’t afford to be without a medical health insurance. Many Americans are confused as to what will happen to the coverage if they move to a new state.

In some cases the state may put a waiting period before they allow coverage for the treatment of a pre-existing condition. One can reduce or eliminate the waiting period if he or she signs up for the new health plan as they move to a new place.

A lot of uncertainty regarding moving to a new place is expected to vanish as the affordable care act comes into effect. From 2014 people will be charged fair premium irrespective of their health status and place of location. Until then, check out with your health insurance company to find out if the same coverage is applicable in another state.

Rescission Proof Health Reforms

A retired nurse in her 50s was diagnosed with breast cancer and as she approached her insurance company for help, it abandoned her. The medical health insurance career rescinded her policy due to two unrelated pre-existing conditions: rapid heartbeat and acne.

Such practices have gone unnoticed as insurance companies have retroactively rescinded policies at the time when policy holder needed them. Fortunately, new health plans from September, 2010 have implemented a policy to provide detailed information to the insured person about the reasons on which claims or coverage can be denied.

ht-609-150-02242012

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