Buying Health Insurance with a Pre-existing condition

Typically, there are standard 12 month waiting periods for most pre-existing conditions. This means that you may be able to get coverage, but the insurance company may not provide benefits for a specific ailment or condition during the waiting period. This exclusionary period can be for 12 months or in some cases the entire length of the policy for medically underwritten plans. One of the most critical things to do is to maintain credible coverage: do not have more than a 63 day break in coverage if you change jobs and lose your employer health insurance. HIPAA portability laws may allow you to avoid some of the standard waiting periods. In case you are denied coverage due to a pre-existing condition, there are additional options available to you.

Authored by Ben Leyhew bleyhew@fssplanning.com

http://www.fssplanning.com/about-3/bios/

Health exchanges

One of the legislative proposals currently being discussed is a taxpayer funded health exchange set up by the government to compare different plans and options. Fortunately, qualified insurance brokers can do the exact same thing for you right now (and without raising your taxes). One of my jobs as a financial advisor is to compare all the available plans and options and help you determine the best plan for your budget and medical needs. As one of the fastest growing expenses in a household budget, medical insurance planning is a critical component of your overall financial plan. The Financial Planning Association states that medical insurance costs are second only to mortgage expenses in households 35-65 and for retirees it is often their biggest expense. Whether you are looking for a comprehensive medical plan, a health savings account, or long term care insurance, I can help you take the guess work out of choosing among the different plans. Authored by:  Ben Leyhew bleyhew@fssplanning.com