Low Cost Medical Insurance For People Suffering From Cancer
Finding affordable health insurance coverage these days is hard enough but locating low cost medical insurance when you are suffering from cancer is thought by most people to be just about impossible. However, as long as you know where to look it is not quite as hard as you might think.
The key problem facing people with cancer when when it comes to looking for medical insurance is the fact that just about all plans carry exclusions for pre-existing conditions that will exclude coverage altogether for a condition, provide cover at an additional cost or provide cover at normal rates but require a ‘waiting period’ before cover for a condition comes into effect. Most people are simply fightened off by the phrase ‘pre-existing condition exclusions’ but it is normally not nearly as frightening as they think.
The majority of people can be divided into two categories when looking for medical insurance – those who are looking for a private individual health insurance plan and those who are looking for cover through a group health insurance scheme.
Those people who are looking for an individual plan will have to start by deciding on the form of plan which you need and then find one which gives you the cover you want at a price that you are prepared to pay. Basically, your choice between a traditional Fee-for-Service plan, a Health Maintenance Organization (HMO) plan, a Point-of-Service Plan (POS) or a Preferred Provider Organization (PPO) plan. Naturally, there are both pros and cons to each of these plans however, within each type, you will generally discover several plans that meet your needs.
If you are considering a group scheme then you will either be looking at a plan provided by an employer or considering one of the many plans available through such things as motoring organizations, clubs or senior citizen groups.
A group policy provided by an employer is frequently the best choice for an individual with cancer who is trying to get around the issue of pre-existing exclusion clauses because these group plans are tightly controlled by both federal and state laws which restrict insurance companies when it comes to imposing exclusions. For instance, an insurance company cannot deny you cover simply because of a pre-existing condition and, if you are transferring between plans and have a break in your cover of fewer than 63 days, no exclusion period will be imposed providing a condition was covered and any exclusion period was completed under your prior plan. Also, where you do have to wait until cover kicks in, an employer’s scheme cannot require you to wait more than 12 months.
Group schemes which are not provided by an employer will also generally treat pre-existing conditions more favorably than individual policies, but you will need to look carefully at each plan.
If you are currently sitting back and doing nothing because you think that you will not be able to get medical insurance cover as a result of cancer then think again. You may be pleasantly surprised to find that you can get cover and get it at a price which you can afford to pay. So, shop around and then get yourself an online health insurance quote.
Related posts:
Filed under health-insurance by 
Leave a Comment