A Brief History of
U.S. Health Insurance
New State-Guaranteed
Coverage for the Unhealthy
"What if I have a medical condition and cannot medically qualify for an individual/family policy?"
The best kept secret in health insurance is that the U.S. government now requires all states to have some type of state-guaranteed coverage for the 10-20% of applicants who do not medically qualify for private health insurance.
In 40 states, if you are charged more, or rejected, by a health insurance carrier due to a medical condition, you qualify for state-guaranteed coverage. In many of these states you need only a letter from a licensed health insurance agent stating that you would be charged more, or rejected, if you applied.
While every state is slightly different, state-guaranteed coverage is generally the same quality BlueCross BlueShield type coverage you would get if you were healthy, but for about twice the price.
$$$ TIP:
- Purchase state-guaranteed coverage for only the one member of your family with the medical condition, and get your healthy family members their own low-cost individual/family policies. If the coverage you want costs $400/month ($100/person) for a family of four, getting state-guaranteed coverage for the one unhealthy family member ($200/month) will raise your total family premium by 25% to $500/month.
Learn more about individual/family policies and state-guaranteed coverage for your state at www.TNHIS.com.