While you might be understandably angry with the health insurance company that denied you health insurance coverage, it isn’t the insurance company making up the rules about who gets accepted and who gets denied. That is done by the state department of insurance, and every state has one. They are the people who set the rates for insurance companies to do business in the state and don’t allow insurance companies to take too many high risk policyholders.
This entire time people have been thinking it’s the insurance companies themselves denying coverage, when really, insurance companies are bound by the rules laid down by the state department of insurance. What does this mean? It means that in order for insurance companies to stay in business, the rules need to state that they don’t take high risk policyholders or they won’t be in business for very long.
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If you’ve visited a website and seen quotes that list something called the “preferred rate” it means that would be the price a person in good health would pay for a health insurance policy. If you have pre-existing conditions and are not in good health, you do not get the preferred rate. In fact, depending on your condition, you may be shelling out up to 50% more than the preferred rate to even get insurance – if the health insurance company agrees to insure you. If you want reasonable health insurance, stay in good shape, eat right and do all things in moderation.
There are other options such as approaching a larger company. Larger firms all underwrite differently and they may just take you, provided you pay a higher premium. If this doesn’t work, ask a health insurance agent about your state risk pool.
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If you want to keep your workers happy, offer health insurance plans, either bundled together or standard.Today, many larger companies who have had to downsize are looking for ways to compensate their remaining workers. Health insurance plans are a good place. Thebest way to offer health insurance plans is to group them together with other worker benefits or offer them as standard for working for you.
Generally speaking, health insurance plans are good for a larger company with many employees. They also offer a whole lot of benefits, not the least of which is the tax benefits. Another benefit to the employer is it gives them clout in bargaining with the insurance provider because they’re buying health insurance policies in bulk.
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This will make sense if you stop to think about it. If you are way overweight, have diabetes, do drugs or are a regular drinker, you certainly won’t be getting the OK for a health insurance policy. These types of behaviors are risky and high risk consumers are considered risky business propositions.
You’ll notice we mentioned risk at least three times in that last sentence. This is because an insurance company is a business and to stay in business, the companies don’t insure people with high risk habits because it costs them money.
The fact is you only get health insurance if the insurance company feels you’re a good risk. That means that they are betting they won’t have to pay.
out too much on you over the years.
This isn’t to say you might not get insurance, but if you do, your premiums will be really high and the coverage might not deal with your particular health issue(s).
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When you apply for health insurance, there is a process you go through called underwriting. In plain English it means you have to meet certain conditions before being approved for a health insurance policy.
In most cases the questions revolve around how you will be insured, for what and how much, what happens if you are accepted (or denied) and if the insurance company is willing to wave or rider some types of conditions. There is also the question of whether or not you “will” be insured.
Being denied health insurance is a shock to a lot of people who figured they asked for a quote and that means they get health insurance. It only means you asked for a quote and got one. It doesn’t mean you automatically get health insurance.
To learn more about Health insurance quotes, affordable health insurance, affordable health insurance quotes, health insurance plans, visit Benepath.com.
If you want to save more money on your health insurance plan, pay attention to what kind of drugs you are taking. If they happen to be brand name drugs, you will be paying more for that because they are brand names. In order to reduce the price of your drugs, why not consider using generic drugs? In most instances, they are the same thing as the original drug, but they are substantially cheaper. Health plans that have strong incentives to take generics provide a lot of savings. Here’s some great information on generic drugs from the Federal Trade Commission.
In some cases, you may find the drug is formulated differently and it may upset your stomach or give you other side effects. If this happens, then you may want to speak to your doctor and have a prescription written showing “no substitutions”
For example: let’s say you take Pariet for acid reflux. You’re doing fine with it until they switch you to a generic drug and instead of shutting off the acid the generic drug gives you acid. It happens. After a chat with your physician, you could get put back on the original drug.
To learn more about Health insurance quotes, affordable health insurance, health insurance plans, visit Benepath.com.
The health insurance market is plum full of policies that read like Greek and pricing that doesn’t make any sense. Hard to sort out? Yes and no. You can sort the good from the bad when you’re searching online for health insurance quotes. Is it confusing? If you take the time to read what you find carefully and get used to seeing the various quotes and policies, it gets easier.
Besides, you also have the option to call the health insurance broker to ask for more details or to ask questions you may not have been able to find answers to online. Something that may help you before you get started is to do some rate comparisons before you call or before you buy. If budget is one of your major sticking points, then also have a budget right by the phone and make sure you get what you can afford.
To learn more about Health insurance quotes, affordable health insurance, affordable health insurance quotes, health insurance plans, visit Benepath.com.
If you’re looking for group health insurance quotes make up your mind what kind of coverage you want to offer your workers. Do you want everything from dental costs to medical expenses? Ask around at work to see what everyone would like, as this makes choosing a good group health insurance policy a lot easier.
When you know what people want, do market research. Call around, check online and do some cost comparisons with the health insurance quotes you get. If the budget is flexible enough, see if you can get higher coverage. The higher you can go, the better the plan for the workers.
The plans will differ depending on the insurance company you contact. You will find three major categories to choose from when it comes to health insurance plans: Point of Service, Preferred Provider Organizations and Health Maintenance Organizations. The differences lie in the amount of coverage offered and premium pricing. There are also some group health insurance plans partly paid by the worker. Be creative and see what happens.
To learn more about Health insurance quotes, affordable health insurance, affordable health insurance quotes, health insurance plans, visit Benepath.com.
