Guaranteed Issue Health Insurance

Unfortunately, like any other company, insurancestrikes you're out type rule.
companies are driven by profits. So, a person who hasIf you cannot get coverage because of a pre-existing
a past history of a serious disease such as cancer,condition, the first thing that you should look into is a
heart surgery, diabetes, depression, or a stroke will findstate insurance risk pool. Not every state has a
that no health insurance company will want to provideprogram like this, but those states that do allow people
them coverage since they would not make money onwho suddenly lose their health care coverage to
them.continue it. If you have been uninsured for over 63
So if you have a pre-exisitng medical condition anddays, you can still sign up for these risk pool programs,
you lose your insurance, what are you supposed tobut you may have to wait for anywhere from 6 to 12
do? You may have heard of guaranteed issue healthbefore your pre-existing conditions will be covered.
insurance. Companies that offer these policies bragIf your state does not have a program like this, or you
that no matter what health conditions you are sufferingcannot afford the program, then guaranteed issue
from, they will cover you. But there are several thingshealth insurance is the only option left to you. Most of
that you should know about guaranteed issue healththese plans work the same as state pools. If you had
insurance. These plans are not true insurance, and docoverage within 63 days previous to signing up for
not cover every medical treatment that you wouldinsurance, your pre-existing conditions will be covered.
need. They are still much better than nothing, areIf you have not had insurance for over 63 days, you
affordable, and have been lifesavers for manywill have to wait as long as a year before your
patients, but you should educate yourself aboutpre-existing conditions are covered.
guaranteed issue health insurance plans before youGuaranteed issue health insurance works differently
purchase one.than traditional insurance. There are generally no
In most states in America, it is perfectly legal fordeductibles, and no co-pays. Your plan will promise to
companies to label you as uninsurable and refuse topay up to a certain dollar amount of your treatments;
provide you health coverage. This uninsurable statusfor instance, a typical plan will pay up to $1,000 a day
can last for years, or even for life. Some people areof hospital bills for the first 100 days you spend in the
born with pre-existing conditions, and can never gethospital. For your first day of hospital admission, they
afforable insurance unless they get it though theirwill pay an additional $2,000 in charges. They will also
work. You can also be refused for health insurance ifcover $1,000 in additional charges for the first 15 days
you just have several controlled pre existing conditions.you spend in intensive care. It does not matter how
For instance, if you have hypertension, depression, andmuch the doctor charges or which hospital you go to;
you smoke cigarettes, a health insurance companythese programs just promise to pay a pre-designated
may refuse to give you insurance, based on a threeamount.