| If you have a pre-existing condition that
| |
| | Not every state offers risk pools, but
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| carries high risks for your insurance
| |
| | most do. There are risk pools in Alabama,
|
| company, you may have trouble finding an
| |
| | Alaska, Arkansas, California,
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| affordable health plan. In fact,
| |
| | Connecticut, Colorado, Idaho, Illinois,
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| companies are not forced to insure you.
| |
| | Indiana, Iowa, Kansas, Kentucky,
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| If you are too risky, they can reject
| |
| | Louisiana, Maryland, Minnesota,
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| your application.
| |
| | Mississippi, Missouri, Montana, Nebraska,
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| More than half of all insured people get
| |
| | New Hampshire, New Mexico, North Dakota,
|
| their insurance from their companies.
| |
| | Oregon, South Dakota, Tennessee, Texas,
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| Group insurance plans reduce risk by
| |
| | Utah, Washington, Wisconsin, West
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| sharing the cost equally. But, what if
| |
| | Virginia and Wyoming.
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| you can't get into a group plan?
| |
| | Each state's risk pool varies. You
|
| States offer a type of health plan called
| |
| | definitely have to be a resident of the
|
| "risk pools." Risk pools are intended to
| |
| | state in which you apply. Other than
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| provide insurance to the uninsurable.
| |
| | that, the requirements are different in
|
| What Is A Risk Pool?
| |
| | each state. In order to qualify, they may
|
| First, let's look at how group insurance
| |
| | require that you prove that you've been
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| works. Even risky individuals can be
| |
| | rejected by an insurance provider because
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| covered under group health insurance at
| |
| | of a high health risk.
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| little cost to insurance companies
| |
| | In most states, you can't get a risk pool
|
| because everyone shares expenses and
| |
| | health plan if you qualify for Medicare
|
| risks. When the company has to shell out
| |
| | or Medicaid. Some states also have an
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| extra for claims made by a certain
| |
| | enrollment cap, meaning that they will
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| individual, the rate of the whole group
| |
| | only accept a certain number of
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| goes up.
| |
| | applicants to the program each year.
|
| With individual health plans, there is no
| |
| | Risk pools are operated by non-profit
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| group. It's just you. So, private
| |
| | healthcare organizations. Currently,
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| insurance companies look at your medical
| |
| | almost 200,000 people are enrolled in
|
| history and risks. This is what
| |
| | risk pools, which is not a large number
|
| determines your rate.
| |
| | if you consider how many Americans are
|
| A risk pool is like a group of all the
| |
| | uninsured. Some states, like Tennessee,
|
| people within a certain state who can't
| |
| | are starting to have special programs for
|
| get private insurance because of
| |
| | kids and specific diseases like diabetes.
|
| pre-existing conditions and other health
| |
| | Risk pools are convenient for individuals
|
| risks. It works in much the same way as
| |
| | who are having trouble getting insured.
|
| group insurance does, except that the
| |
| | You can take out a short-term plan to
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| group in this case is not the company,
| |
| | cover a gap in your employment or
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| but all the individuals in the state who
| |
| | insurance.
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| can't get insured.
| |
| | If you have a pre-existing condition that
|
| Because they are obviously risky, risk
| |
| | puts you at high risk, you may feel like
|
| pools cost more than regular insurance.
| |
| | you should stick with your group plan so
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| This is not a government support program
| |
| | that you can stay covered. This might
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| like Medicare or Medicaid aimed at
| |
| | mean staying at a lousy job that you
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| low-income earners. Risk pools are
| |
| | would just as soon ditch otherwise. Risk
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| usually quite expensive.
| |
| | pools offer you more choices for your
|
| Does My State Have A Risk Pool?
| |
| | health insurance coverage.
|
