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Successfully Navigating High-Risk Health Insurance Pools

By Maryl Joop


The problem is that those that need medical insurance the most aren't able to get it. A woman can find out she has breast cancer, immediately seek the help of insurance company, and be denied coverage because of her pre-existing condition.

However, there are a significant number of individuals who cannot get their health insurance this way, and so they must buy it independently of a specific company. Insurance companies who are providing insurance to individual people have the right to turn down a person applying for insurance if you have a serious medical condition.

Most insurance companies see this case the same way, as a loss. The continued life of their business relies on signing people up for plans that will pay themselves off at a minimum.

It is likely that you have never heard of maternity health insurance. This article will help you learn a little bit more about this type of insurance so you can decide if purchasing maternity health insurance will be a good choice for you and your unborn baby.

When someone tries to apply for financial aid without having paid monthly premiums, financially supporting that individual gets difficult because there's no guarantee that they'll see that money again. Thus, they are very wary about providing help with insurance for pre-existing conditions.

One way you can apply is through an insurance agent. Another way you can apply is directly through the state. High risk insurance pools generally offer the same benefits and coverage options as regular health insurance plans. Common coverage options include coverage of prescription drugs, mental health, maternity, substance abuse, among others.

Obamacare has made a decision to solve this dispute. As of 2014, Obamacare will prohibit insurance companies from choosing not to cover those that are currently suffering from a disease that need immediate attention.

The way that risk pools determine how much you will pay for insurance depends on your age and which state you live in. Your specific medical condition and your prognosis will also play a part in how much you will pay for your insurance.

To appease the insurance companies' financial needs, Americans will be required to have a medical insurance plan coming January of 2014 as well. A requirement for everyone to pay for a medical insurance plan will add an extra boost of revenue for the insurance companies.

If you want maternity health insurance, you should be aware that many states require a waiting period before you can start receiving the benefits from this insurance. The waiting period often varies between 6 months to 1 year.

Those suffering from diseases that need immediate attention breathe a sigh of relief at this decision. For once, they can see a ray of sunshine in a very stormy sky. The implications of this one action alone can mean the end of impossible medical bills that could save their lives. That's a thought they likely haven't been able to hope for in a very long time.

If you live in one of these states, you should probably meet with an insurance representative so that you can discuss your options for insurance. You may need to consider moving out of that state so that you can obtain reliable insurance.

Time will only tell how well this system will work. The increased measures should give hope for those currently suffering from pre-existing conditions without insurance.




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