A health insurance existing condition is any medical related problems that a member may already have before he or she enters a health insurance contract or policy. Many Americans have their own health insurance existing condition. Insurance companies are concerned with their financial interest and they therefore either exclude people with pre-existing medical conditions or have them wait a certain period before they get coverage for that specific condition. Others even charge people with higher premiums and related costs for pre-existing coverage.
Health Insurance preexisting conditions can keep you from getting a good plan
A health insurance existing condition is usually a serious medical problem that requires expensive treatment or drugs as in the case of heart disease, cancer, asthma, high blood pressure and the like. There are also a number of chronic health problems affecting a large number of people. Some insurance providers may even deny you a health plan for a simple health insurance existing condition like a previous injury or so. To this end, the Patient Protection & Affordable Care Act of March 2010 eliminates pre-existing condition provisions imposed by these health care providers.
Pre-existing conditions should be identified before you search for a plan
This act which eliminates a health insurance existing condition clause was enacted September 2010 applicable to children below 19 years old who cannot be deprived of access to the health plans of their parents. There are also certain existing condition exclusions which can highly affect your insurance coverage. Some health insurance providers may accept your application conditionally by giving you an exclusion period as mentioned earlier. This means that although you are granted membership and are paying premiums monthly, any treatment or care relating to your existing medical condition isn’t covered just yet.
Pre-existings defined
Exclusion periods can go for as little as six months to as long as eighteen months. On the other hand, if you are receiving a health plan from your employer, you may still have a pre-existing period although it is only limited to a maximum of one year and would only apply to treatments sought within six months from your enrollment in the insurance plan. To this, the HIPA Act of 1996 was enacted to further protect members from buying, changing and continuing their health plans.
If you are planning on getting coverage but are concerned about you or your family’s health insurance existing condition, now is the great time to avail of our free online quote just by filling out the quote request form. Within minutes, you’ll get the chance to view different policies that may be willing to take your application despite your pre-existing condition.
