Risk Pools - Health Plans For The Risky Or Uninsurable

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