Your High-Risk Health Insurance
To many, high-risk health insurance may mean that if you have a dangerous job or lifestyle, you would purchase a high-risk policy. However, more commonly, high-risk health insurance refers to high-risk pools that exist within insurance companies for those people that are seeking coverage but have some serious pre-existing medical condition. If this applies to you, HighRiskHealthInsurance.org aims to help inform you and assist you in finding free quotes so that you can discover the appropriate plan for your needs.
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High-Risk Pools
It is very common for those with pre-existing medical conditions to be denied health insurance. If you are insured through an employer then you can get still get access to coverage, however, if you are insured independently, it is frequent that you can be turned down because you are uninsurable due to your condition. Having high-risk health insurance pools is a way that insurance companies can have an alternative option for those that can be seen as medically uninsurable.
Who is High-Risk Insurance For and How Does it Work?
High-risk health insurance is meant for those with serious pre-existing medical conditions and who do not have access to group insurance from an employer. High-risk plans are private, self-funded and differ from state to state.
Although high-risk plans can be 125-150 percent of the base individual market of insurance, they offer basically the same benefits. The reason this is allowed is because technically, high-risk members are considered uninsurable. Risk-pool rates can be determined by age or by the state that you live in. However, rates are generally affordable because they are based directly on rates in that specific state.
How Are High-Risk Pools Funded?
State high-risk insurance pools are funded in various ways. Sometimes tax on hospital revenue is helpful, but the majority of the funds come from the process of “pooling” the people in this category together. This way, they can try to get a better group rate than trying to get multiple individual plans. This is similar to the way that insurance policies work in businesses.
Overall, if you do have a pre-existing medical condition and are being repeatedly denied for health insurance, don’t give up. High-risk health insurance is offered for you and with our services you can get free quotes to try to find the best plan for you.
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