WHen a applicant lies on their application its possible for Recission to occur. Recission means that the policy will be cancelled. If you lie on an application, chances are this can occur to you.
It doesn’t seem to be that common, Assurant CEO Don Hamm mentions that:
“Rescission is rare. It affects less than one-half of one percent of people we cover. Yet, it is one of many protections supporting the affordability and viability of individual health insurance in the United States under our current system.”
In the long run, its best not to lie on your Health Insurance application, or any application for that matter. It just creates a future situation where your coverage will be most definitely uncertain. Be honest, and even if its difficult to qualify because you have conditions or other situations preventing you from getting coverage, keep shopping.
Or, you could always contact an agent at VitalOne Health, we have a plan for everyone, and I do mean everyone! Contact us at 1-866-488-5200 or via the Web or Twitter.
There are certain things in life that we cannot time, and one of these is needing healthcare services. Aside from managing basic healthcare services such as doctor visits, simple examinations, etc., catastrophic accidents or illnesses are unpredictable. This is why we all need health insurance, so that we transfer this risk to the carrier. The carrier distributes the risk amongst a large pool of insureds in order to effectively manage healthcare costs for all of the policyholders.
Everyday that passes without being insured is a day in which we run the risk of suffering from a catastrophic incident and not having the finacial support of health insurance. Health insurance coverage should be viewed as what it is, protection for our health. There are many people thatt complain that they have paid years of health insurance premiums and have only used it to go to the doctor twice a year. My response to that is that they should be very thankful for maintaining their health. The opposite would be the unfortunate perosn that suffered a catastrophic illness or accident and although they were covered by their health insurance, they would have much rather not have to have suffered such an illness or accident.
It is like the person who may be upset because they haven’t collected on their life insurance!
Be healthy and wise, get health insurance through a licensed and experienced health insurance agent.
What does this really mean?
If we live in a society that gives us freedom and opportunities to prosper personally and financially, this same society should incorporate a model to allow for its citizens to be able to receive shelter, food, healthcare, and other basic necessities.
This is as much a right as it is a responsibility on a personal level and this is as much a right as it is a responsibility on a government level.
The delicate balance of government and private enterprise in order to accomplish this is paramount in its ultimate success.
Every American needs to be able to receive healthcare. Yet, healthcare is not free. I think this needs to be repeated for the hardcore liberals. Healthcare is not free and it is not just a right, it is a responsibility to ourselves and to our citizens. Also, healthcare is not only a capitalist endeavor. I think this needs to be repeated for hardcore capitalists.
We need a balance of government and private enterprise whereby private enterprises can focusing by competing and providing better services.
Health insurance is needed for our own protection and for all of our citizens.
Carriers need to improve rates and access for everyone and one big way to bring costs down is for everyone to share the risk.
Truth be said, if you are healthy today it is important to attain a good quality individual health insurance policy so that you will not be rejected in the future due to developing any medical conditions or having pre-existing conditions.
Yet, if today you have medical conditions or pre existing conditions, there are still several options. These include finding a job that offers good group health insurance. Obviously, this restricts you from leaving the employer, since you would lose you coverage after a while. Yes, you can have COBRA, but this is for a limited time and it is usually very expensive since you are then paying for the entire premium amount plus an additional fee. Also, you can speak with a qualified and trusted health insurance agent that can guide you with the best alternatives. These may also include state subsidized guaranteed health insurance (whether HIPPA eligible or not), medical discount cards, limited medical plans, Medicaid, etc.
To start though, it is again best to speak with a qualified health insurance agent. They will be able to really qualify you based on your specific conditions in order to see if there are individual health insurance carriers available that would be willing to issue you a policy either with higher premium or by excluding certain conditions.
Always know that there are options, but to start, speak with a good licensed health insurance agent.
This might sound like a tough question or you may be under the impression that the answer is Group Health Insurance, but the reality is that if you are under Medicare age and relatively healthy, you are probably better off with individual health insurance.
The reason for this is that individual health insurance is portable to you. This means that you will not lose it once you leave your employer. It is independent of your employer. Also, it is probably going to be cheaper than your employer’s health insurance. Even just counting on the amount you contribute.
It is true that you can attain high quality affordable health insurance on an individual basis. You simply need to know where to look and who to trust enough to guide you in the process.
Employer health insurance is restricted to obviously you being employed with the employer. Also, the plan includes whatever the employer wanted to include and wanted to contribute with certain restrictions.
Today there are many more options, even some that allow you to receive tax benefits for purchasing individual health insurance. This is only fair, since employers receive tax benefits for purchasing health insurance.
Whether you are an employee, self employed, or unemployed, individual health insurance is probably a better option than traditional group health insurance coverage.
Do yourself and your family a big favor and consult with a trusted and qualified health insurance agent.
HMO stands for Health Maintenance Organization; it is a group of health care providers that have contracted with an insurance company to provide services to its “subscribers’ (Policy Holder) at fixed pre-set prices. HMO’s require its subscribers to elect a primary care physician within their network, HMO’s require a referral from the primary care physician and pre-authorization from the carrier before you can visit any specialist; HMO’s will not cover any out of network physician or hospital visit and are more restrictive on your ability to decide what treatment you may receive. Typically HMO’s are somewhat lower priced plans when compared to PPO’s, physicians are required to see more patients on a daily basis, this will limit the amount of time and services a physician can render to its clients.
PPO stands for Preferred Provider Organization; it’s a large network of Doctors and Hospitals that have contractual agreements with insurance companies; PPO’s are much less restrictive than HMO plans and allow you more control over your medical treatment and who will provide that treatment; you will not need any referral or pre-authorization to visit a specialist of your choice. PPO plans allow its policy holders to visit any in-network or any out of network physician and hospital, however when you visit an in-network physician, you will receive a reduced rate for the services rendered. PPO’s offer a wide array of deductibles, coinsurances and co-pays to help its policy holders customize a plan to suit there coverage and budget requirements.
I have helped thousands of clients over the years with their health insurance needs and I would only recommend a PPO plan.
Co-Pay is the portion of the medical bill that you the policy holder are responsible for when medical services are rendered by a physician, these co-pays are fixed amounts. Insurance companies offer both unlimited and limited physician office visits depending on the type of plan that you are purchasing. Typically a plan with limited or fixed co-pay office visits are lower priced when compared to plans that offer unlimited office visits.
When to purchase unlimited vs limited or no co-pay plans? A healthy individual that visits a physician less than two times a year would save money by purchasing a plan that offers no co-pays or limited co-pay office visits, a family with children would benefit by purchasing a plan with unlimited doctor office visits, children are more prone to getting sick, injured and will visit doctors more often during the year.
