Can one buy bright affordable NJ strength insurance for a chronic preexisting condition after a COBRA term ends?
What does the law say within New Jersey on this subject? If you have continuous coverage through your previous employer, and come down with a chronic injury or serious ongoing ailment during your COBRA period during which time you are maintaining your coverage, and after you finish your 16 month COBRA period, can a new form insurance company you want to buy a policy from charge you an extremely expensive rate due to your preexisting condition, or is this illegal and do health insurers enjoy to offer you the same rates they proffer everyone else for their individual plans? Thank you very much for any insights you may have on this situation.
Answers:
Likely, it's not going to be "affordable". As they HAVE to offer you coverage contained by NJ, they can charge whatever the heck they want, depending on the pre-existing condition.
They DON'T offer everyone duplicate rate. It's not a "one rate fits all", no more than they offer every DRIVER the same rate. 16 year olds reimburse more, and people with multiple DUI's take-home pay more. The individual with the chronic, pre-existing condition, is just close to a 16 year old with three DUI's. The rate is usually priced to be soaring enough, that you can't afford the insurance.
That's because, insurance companies don't want to WRITE that kind of risk - they LOSE MONEY that style. They'd go broke, and out of business. Source(s): agent, 21+ years
After you've exhausted COBRA, which last for 18 months in most cases, you will qualify for a portability policy. Most principal companies offer portability plans. The law is they must adopt you but there is no law or regulations for the premium. I've see portability premiums of $1000 to $2700 per month. The selection of plans are limited and the premium will be base on the chronic illness as well as the age of the client.
Some states enjoy a high risk policy, but NJ is not one of them. Source(s): Independent Agent
Lysander,
I don't know the particular NJ law on this, but it clearly pays to explore as many options as possible contained by your situation.
There's a very good article at eHow that discusses how to carry health insurance for you and your family when you don't hold a job that covers you:
http://www.ehow.com/how_2367563_keep-hea…
How to Get Health Insurance
Take a look at it, as it covers all the crucial possibilities for getting insurance, and gives some great resources you can use.
If money is a big issue (and when isn't it?), you can also look here for tips on earning some extra currency online:
http://www.ehow.com/how_2254361_money-in…
How to make money on the internet, scam-free
All the best.
Affordable and New Jersey don't belong in like peas in a pod sentence. No you can't, but in PA, DE, and MD you could. No sparklers on the 4th of July and no affordable health insurance surrounded by NJ.
Try this one - http://healthplans.bebto.com - my family have their robustness insurance - it is affordable and has good coverage for dental issues.
As I know they can provide coverage near preexisting condition.
COBRA lasts for up to 18 months, after you come sour group coverage.
In 1996 Congress passed the Health Insurance Portability and Accountability ACT (HIPAA) under Pres. Clinton's administration.
This imperative mandates that if an insured comes off COBRA at the terminate of 18 months, he/she would have the guarantee to be able to buy insurance from another haulier.
This was Pres. Clinton's idea of human being able to "take your insurance next to you when you leave an employment". What he DIDN'T stipulate was how much the insurance company can charge for the plan.
Insurance companies can charge up to 200% of the standard rate, depending on the robustness of the proposed insured. The policy could also be limited as far as benefits are concerned.
You may apply for the HIPAA plan within 63 days of the expiration date of the 18-month COBRA.
If a COBRA-insured personage is in good strength when the COBRA expires, he/she would be better off financially to apply for a standard individual health plan.
If a character is in good form when he/she leaves the employment, he/she would be better off by applying for a standard individual major medical plan.
Golden Rule Insurance Co. converts insureds from COBRA. If the company is licensed to do business within your state, there will be a local agent in your nouns. You may Google "Golden Rule Insurance" for information.
Best wishes, and God bless. Source(s): Retired agent, 30 yrs.
Former Golden Rule agent
Related Questions:
Answers:
Likely, it's not going to be "affordable". As they HAVE to offer you coverage contained by NJ, they can charge whatever the heck they want, depending on the pre-existing condition.
They DON'T offer everyone duplicate rate. It's not a "one rate fits all", no more than they offer every DRIVER the same rate. 16 year olds reimburse more, and people with multiple DUI's take-home pay more. The individual with the chronic, pre-existing condition, is just close to a 16 year old with three DUI's. The rate is usually priced to be soaring enough, that you can't afford the insurance.
That's because, insurance companies don't want to WRITE that kind of risk - they LOSE MONEY that style. They'd go broke, and out of business. Source(s): agent, 21+ years
After you've exhausted COBRA, which last for 18 months in most cases, you will qualify for a portability policy. Most principal companies offer portability plans. The law is they must adopt you but there is no law or regulations for the premium. I've see portability premiums of $1000 to $2700 per month. The selection of plans are limited and the premium will be base on the chronic illness as well as the age of the client.
Some states enjoy a high risk policy, but NJ is not one of them. Source(s): Independent Agent
Lysander,
I don't know the particular NJ law on this, but it clearly pays to explore as many options as possible contained by your situation.
There's a very good article at eHow that discusses how to carry health insurance for you and your family when you don't hold a job that covers you:
http://www.ehow.com/how_2367563_keep-hea…
How to Get Health Insurance
Take a look at it, as it covers all the crucial possibilities for getting insurance, and gives some great resources you can use.
If money is a big issue (and when isn't it?), you can also look here for tips on earning some extra currency online:
http://www.ehow.com/how_2254361_money-in…
How to make money on the internet, scam-free
All the best.
Affordable and New Jersey don't belong in like peas in a pod sentence. No you can't, but in PA, DE, and MD you could. No sparklers on the 4th of July and no affordable health insurance surrounded by NJ.
Try this one - http://healthplans.bebto.com - my family have their robustness insurance - it is affordable and has good coverage for dental issues.
As I know they can provide coverage near preexisting condition.
COBRA lasts for up to 18 months, after you come sour group coverage.
In 1996 Congress passed the Health Insurance Portability and Accountability ACT (HIPAA) under Pres. Clinton's administration.
This imperative mandates that if an insured comes off COBRA at the terminate of 18 months, he/she would have the guarantee to be able to buy insurance from another haulier.
This was Pres. Clinton's idea of human being able to "take your insurance next to you when you leave an employment". What he DIDN'T stipulate was how much the insurance company can charge for the plan.
Insurance companies can charge up to 200% of the standard rate, depending on the robustness of the proposed insured. The policy could also be limited as far as benefits are concerned.
You may apply for the HIPAA plan within 63 days of the expiration date of the 18-month COBRA.
If a COBRA-insured personage is in good strength when the COBRA expires, he/she would be better off financially to apply for a standard individual health plan.
If a character is in good form when he/she leaves the employment, he/she would be better off by applying for a standard individual major medical plan.
Golden Rule Insurance Co. converts insureds from COBRA. If the company is licensed to do business within your state, there will be a local agent in your nouns. You may Google "Golden Rule Insurance" for information.
Best wishes, and God bless. Source(s): Retired agent, 30 yrs.
Former Golden Rule agent
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