When you suffer from an illness or disease of some type, as well as if you’re disabled or anything like that, finding insurance is not always easy. Medical issues like these are determined to be preexisting conditions when it comes to insurance companies, and what these are is actually conditions that will not be covered by insurance because you had them before you actually applied. Insurance companies are in the business of making money, so they can’t afford to take you on if you’ll cost more than you’ll be paying in because of that fact. This is why finding health insurance with preexisting conditions can be pretty hard.
However, if you’re looking carefully, you will find that it’s possible to find affordable plans. The major problem that most run into when it comes to different types of insurance is that with a condition, you end up having to pay a lot more for them to cover you so that you can cover the amount of risk that you pose the insurance company because of your special needs medically. That prices an awful lot of people out of insurance, but there are still options out there for you. It’s all about understanding your rights, and the rules governing insurance companies, so that you can make sure that they are going to be able to work for you:
First off, nobody can deny you coverage.
Obama’s Affordable Care Act actually nullified an insurance company’s ability to not cover you because of a preexisting condition. You’ll also find that they have to cover your condition now as well, which means that you can find medical insurance guaranteed no matter what the problem is. However, something that results from this in most cases, is that your insurance is going to be a lot more expensive. That means you’ll be paying a lot more month to month when it comes to your insurance, because you have to cover your risk.
So what can you do about finding regular insurance?
There are several things that you can do when it comes to making your health insurance with preexisting conditions affordable, and it’s all about what type of plan you have or how you can actually manipulate them as well. You’ll find that adding HSAs for example is going to be one of the best possible ways that you can really save. Health Savings Accounts are special types of accounts through which you’re able to set aside a few thousands per year, that can then be saved and used towards medical expenses totally tax free.
But what you will also find is that you can save tons of money by going with high deductible insurance plans as well. If you have a high deductible plan, you’re going to find that you’ll be able to save a ton of money when it comes to the cost of your premiums. They do the same thing for health insurance with preexisting conditions that HSAs are going to do, which is they lower your risk. By lowering risk, you can ensure that you’re going to be paying less because you’re less likely to cost the insurance company money.
But what if you can’t afford private health plans?
You’ll find that even bringing down your risk level, you can’t always afford individual health insurance with preexisting conditions, and that means you have to find another type of solution. Usually that means looking at government health plans. When you’re looking for good coverage the government is gong to be able to provide a few options in most places, and that includes Medicaid and Medicare. But you’ll also find that usually they have a high risk health insurance fund as well, if you just can’t get insurance because of how much it would cost you otherwise.
Here you just want to look at what’s available in your area. You’ll find that unlike let’s say Blue Cross Blue Shield preexisting conditions insurance, that here you have to actually fill out a federal application. That means you have to go down to your local Department of Human Resources to see what they have on offer to you. Here you can get all of your questions answered, and you can look into what types of health insurance with preexisting conditions are going to be out there.