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Achieve economic security with guaranteed issue health plans

Achieve economic security with guaranteed issue health plans

With an economic crisis looming strongly over our heads, the need for economic security has become quite high. With increased medical bills and expenses for treatments, meeting healthcare costs has become a daunting task for many. More woe is added for those suffering from pre existing health conditions and having limited or poor financial resources to meet their needs.  However, thanks to the availability of guaranteed issue health plans, cost factor of insurance becomes moot, which in turn can help everyone enjoy economic security, irrespective of age, financial status or health condition.  

Need for economic security

When faced with a world of de-industrialization, deregulation, decline of unions, foreign competition and increased financial burden that demands two people to earn in a family, economic security often becomes a myth. The presence of war and its repercussions add to this insecurity. In all these areas, the rich and the affluent are the ones who sail through.  Caught in the middle is the person with limited financial resources. Dramatic changes in income levels as well as fewer jobs being available today add to this tense and critical situation. Individual health insurance for all becomes a necessity for such people to ensure that they can live healthy lives and get coverage for their medical check-ups and other healthcare costs.

How guaranteed contracts help

When analyzing the situation with most individuals opting for guaranteed health insurance, it is often seen that affordability ranks high along with actual coverage. In short, when aiming for economic security, it is important to consider how affordable the plan is, in addition to checking the extent of coverage on offer. Comprehensive plans offering individual health insurance for all ensure that you do not have to really worry about your medical expenses, irrespective of what disease you are suffering from.
However, most companies refrain from insuring those with pre existing conditions. Here again, guaranteed plans come to the rescue, where insurance coverage is offered for such persons with pre existing medical conditions, albeit in a limited manner. It is important to state here that limitations are merely with regard to the amount of coverage rather than the nature of coverage, making it easy for all individuals to buy a plan that meets their needs and budget.
When considering these factors, the best way forward is through the popularization of guaranteed issue health plans, which are comprehensive in nature. Economic security, which was considered a myth till now, can be attained through these policies, if only by reducing your financial burden.

 

Different Types of Pre-Existing Condition Insurance

Different Types of Pre-Existing Condition Insurance

There are 2 types of pre-existing condition insurance coverage:

  • Public pre-existing condition insurance plans
  • Private pre-existing condition insurance plans

Public Insurance Plans

This type of pre-existing condition insurance coverage is normally provided by the federal government or the state government. There are times when you are not able to have health insurance from your employer, or buy Medicare and other individual plans. If you have not had insurance for more than six months, you may apply for such insurance, as you will be eligible for the public pre-existing conditions health plan. However, you will have to pay a premium every month along with co-payments. In case you can’t afford these premiums, you may apply for a Medicaid.

Remember

  • There are three types of government plans on offer.
  • Each plan gives you access to a limited number of providers listed in its network. Thus, you won’t be allowed to get treated by your preferred doctor if he/she isn’t in the network of your chosen plan.
  • Your deductibles, premiums, and co-pays will differ based on the plan you choose.
  • All plans pay for your preventive care completely.
  • These plans are temporary and costs vary according to the State where you reside.

Private Pre-Existing Conditions Health Plans

There are many genuine and fraud companies that offer these plans and the costs, level of coverage, and quality vary from one plan to the other. There are limited indemnity plans that have certain limitations of amount as well as coverage. Here, you tend to pay more to get more coverage.
Depending on the genuineness of the limited indemnity plans, your medical cards can offer you discounts on prescription drugs and health care services from certain providers and for certain treatments, which is quite similar to pre-existing insurance plans issued by the government.
Benefits

The major benefits of pre-existing condition insurance plans are:

  • They are very cost-effective.
  • They are guaranteed issue plans, which mean that you will not be refused coverage.

Conclusion

Whatever plan you choose, it is very important for you to check them for their quotes, limits, and other factors to ensure savings.

 

Requirements for Guaranteed Health Insurance

Requirements for Guaranteed Health Insurance

With thousands of people looking for financial support to pay their medical bills, a prudent solution is offered by the guaranteed health insurance plans. As the name implies, such insurance, unlike the limited indemnity plans, offer insurance to almost all people who apply. 
There may be times when you apply for medical expense reimbursement under a guaranteed health insurance plan, only to be refused. You may not be aware that you have to file a proper claim for your expenses to be compensated. The majority of insurance plans require you to submit all the supporting documents, out of which you might have missed one or two, thus ending up having a claim that’s refused. This is why you should know about the requirements of guaranteed health insurance plans to benefit from them.

Requirements for filing a successful claim

There are usually no restrictions or requirements based on which your claim would be refused. However, you should pay the monthly premiums on time along with any other additional fees that may be applicable for your policy, and file your claims the right way. Thus, the minimum requirements of filing a successful claim include:

  • Prompt payments of premiums and other payments, if any.
  • Filing your claims along with all the supporting documents.
  • Ensuring that your State or federal law permits such plans.
  • Staying in the same State where you have bought the guaranteed health insurance plan.

Benefits of guaranteed health insurance

Some of the benefits of such plans are listed below:

  • You are not refused reimbursement of your medical expenses even when they are quite high.
  • You are covered for all outpatient, operation, and hospital expenses.
  • Discounts on offer can reduce your medical care costs by up to 50%.
  • You get discounts on your prescription drugs.
  • Maximum payments are disbursed to cover lifetime occurrences of health issues.

Choosing the right plan

To select the right guaranteed health insurance plan, you should consider these factors to compare and decide:

  • lifetime per-occurrence maximum
  • deductible amount
  • benefit period
  • specific limits
  • other medical card requirements, if any

You can take your search online to get instant quotes from multiple insurance companies to compare these factors and select the plan that best suits your needs and budget.

 

Achieve economic security with guaranteed issue health plans

Achieve economic security with guaranteed issue health plans

With an economic crisis looming strongly over our heads, the need for economic security has become quite high. With increased medical bills and expenses for treatments, meeting healthcare costs has become a daunting task for many. More woe is added for those suffering from pre existing health conditions and having limited or poor financial resources to meet their needs.  However, thanks to the availability of guaranteed issue health plans, cost factor of insurance becomes moot, which in turn can help everyone enjoy economic security, irrespective of age, financial status or health condition.  

Need for economic security

When faced with a world of de-industrialization, deregulation, decline of unions, foreign competition and increased financial burden that demands two people to earn in a family, economic security often becomes a myth. The presence of war and its repercussions add to this insecurity. In all these areas, the rich and the affluent are the ones who sail through.  Caught in the middle is the person with limited financial resources. Dramatic changes in income levels as well as fewer jobs being available today add to this tense and critical situation. Individual health insurance for all becomes a necessity for such people to ensure that they can live healthy lives and get coverage for their medical check-ups and other healthcare costs.

How guaranteed contracts help

When analyzing the situation with most individuals opting for guaranteed health insurance, it is often seen that affordability ranks high along with actual coverage. In short, when aiming for economic security, it is important to consider how affordable the plan is, in addition to checking the extent of coverage on offer. Comprehensive plans offering individual health insurance for all ensure that you do not have to really worry about your medical expenses, irrespective of what disease you are suffering from.
However, most companies refrain from insuring those with pre existing conditions. Here again, guaranteed plans come to the rescue, where insurance coverage is offered for such persons with pre existing medical conditions, albeit in a limited manner. It is important to state here that limitations are merely with regard to the amount of coverage rather than the nature of coverage, making it easy for all individuals to buy a plan that meets their needs and budget.
When considering these factors, the best way forward is through the popularization of guaranteed issue health plans, which are comprehensive in nature. Economic security, which was considered a myth till now, can be attained through these policies, if only by reducing your financial burden.

 

Different Types of Pre-Existing Condition Insurance

Different Types of Pre-Existing Condition Insurance

There are 2 types of pre-existing condition insurance coverage:

  • Public pre-existing condition insurance plans
  • Private pre-existing condition insurance plans

Public Insurance Plans

This type of pre-existing condition insurance coverage is normally provided by the federal government or the state government. There are times when you are not able to have health insurance from your employer, or buy Medicare and other individual plans. If you have not had insurance for more than six months, you may apply for such insurance, as you will be eligible for the public pre-existing conditions health plan. However, you will have to pay a premium every month along with co-payments. In case you can’t afford these premiums, you may apply for a Medicaid.

Remember

  • There are three types of government plans on offer.
  • Each plan gives you access to a limited number of providers listed in its network. Thus, you won’t be allowed to get treated by your preferred doctor if he/she isn’t in the network of your chosen plan.
  • Your deductibles, premiums, and co-pays will differ based on the plan you choose.
  • All plans pay for your preventive care completely.
  • These plans are temporary and costs vary according to the State where you reside.

Private Pre-Existing Conditions Health Plans

There are many genuine and fraud companies that offer these plans and the costs, level of coverage, and quality vary from one plan to the other. There are limited indemnity plans that have certain limitations of amount as well as coverage. Here, you tend to pay more to get more coverage.
Depending on the genuineness of the limited indemnity plans, your medical cards can offer you discounts on prescription drugs and health care services from certain providers and for certain treatments, which is quite similar to pre-existing insurance plans issued by the government.
Benefits

The major benefits of pre-existing condition insurance plans are:

  • They are very cost-effective.
  • They are guaranteed issue plans, which mean that you will not be refused coverage.

Conclusion

Whatever plan you choose, it is very important for you to check them for their quotes, limits, and other factors to ensure savings.

 

Requirements for Guaranteed Health Insurance

Requirements for Guaranteed Health Insurance

With thousands of people looking for financial support to pay their medical bills, a prudent solution is offered by the guaranteed health insurance plans. As the name implies, such insurance, unlike the limited indemnity plans, offer insurance to almost all people who apply. 
There may be times when you apply for medical expense reimbursement under a guaranteed health insurance plan, only to be refused. You may not be aware that you have to file a proper claim for your expenses to be compensated. The majority of insurance plans require you to submit all the supporting documents, out of which you might have missed one or two, thus ending up having a claim that’s refused. This is why you should know about the requirements of guaranteed health insurance plans to benefit from them.

Requirements for filing a successful claim

There are usually no restrictions or requirements based on which your claim would be refused. However, you should pay the monthly premiums on time along with any other additional fees that may be applicable for your policy, and file your claims the right way. Thus, the minimum requirements of filing a successful claim include:

  • Prompt payments of premiums and other payments, if any.
  • Filing your claims along with all the supporting documents.
  • Ensuring that your State or federal law permits such plans.
  • Staying in the same State where you have bought the guaranteed health insurance plan.

Benefits of guaranteed health insurance

Some of the benefits of such plans are listed below:

  • You are not refused reimbursement of your medical expenses even when they are quite high.
  • You are covered for all outpatient, operation, and hospital expenses.
  • Discounts on offer can reduce your medical care costs by up to 50%.
  • You get discounts on your prescription drugs.
  • Maximum payments are disbursed to cover lifetime occurrences of health issues.

Choosing the right plan

To select the right guaranteed health insurance plan, you should consider these factors to compare and decide:

  • lifetime per-occurrence maximum
  • deductible amount
  • benefit period
  • specific limits
  • other medical card requirements, if any

You can take your search online to get instant quotes from multiple insurance companies to compare these factors and select the plan that best suits your needs and budget.