Posts Tagged - ‘high risk health insurance’

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Is The Govt. High Risk Health Insurance Plan Too Expensive?

Friday, July 2nd, 2010

Image: Sam Felder under CC 3.0

It looks as if healthcare reform was not the immediate panacea for high-risk patients that many hoped for. The temporary health insurance pools for people with pre-existing conditions have started to go live.

The good news: many of those who have been previously shut out of the market can now purchase a health insurance plan. Unfortunately, that plan may be prohibitively expensive; according to the federal government’s website ( Depending on the state–since rates are based on standard premiums in the area–and the person’s age, premiums can vary widely. For example, Florida health insurance rates under the program could be up to $675 per month for a 50 year old!

Although guaranteed issue health insurance can be costly, it pays to shop around. The high-risk pools may not save you as much as you think.

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High-Risk Health Insurance Pool D-Day

Monday, June 28th, 2010

Image: katietower under CC 3.0

Today is the deadline for states to decide whether or not they will participate in one of the initial changes of healthcare reform: they need to tell the federal government if they are planning to create new health insurance pools for high-risk patients with pre-existing conditions.

So far, 18 states have flatly refused. Qualified uninsured people from those states will buy into a national pool, which will open on July 1st. Utah and Texas are still undecided, but they’re running out of time.

The states that will create new temporary pools for high-risk health insurance plans will receive part of a $5 billion grant set aside in the law for that purpose.

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Catch in Federal High Risk Health Insurance Pool

Monday, April 19th, 2010

Image: epsos under CC 3.0

One of the touted immediate benefits of the healthcare reform law is the creation of a federal high-risk health insurance pool. It is intended to combine the buying power of people with serious pre-existing conditions to make coverage more expensive. Since it encompasses the entire country, plans will probably cost less than they would in the states that already offer their own high-risk pools.

Unfortunately, you must be currently uninsured to qualify for the new federal pool. That means that those who have already signed up for a high-risk health insurance plan in their state are not eligible to join the national program–and unable to reap the significant savings.

For people in this predicament, their only option is to drop out of their state’s coverage and remain uninsured for six months. The results could be disastrous, especially for those in poor health.

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