High Risk Insurance – Key Issues
The only option for individuals with preexisting medical conditions is high risk insurance. Although private insurers offer insurance for individuals classified as high risk, another option would be to avail of state-funded high risk pools. Those who are eligible for state high risk pools are those who are medically uninsurable, those eligible for guaranteed-issue individual coverage under the Health Insurance Probability and Accountability Act of 1996, and Medicare beneficiaries that seek supplemental insurance options. It is important to note that federal regulation requires all states to waive preexisting condition exclusion period for people who wish to have insurance coverage after leaving employment where they used to enjoy group insurance coverage.
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