We have many health insurance offers around us, and they all seem to be the best: flat rates, free months, discounts for large families – all of them seek to capture our attention.
Medical insurance is designed to obtain long-term health benefits, so it is essential to ensure that the company can provide you with everything you need.
In this article, we will look at some of the advantages offered by private health insurance.
What advantages does it offer to change the company?
We can get great discounts and reduce the monthly cost of our health insurance by having one currently hired.
Would we have shortages? Would we lose the antiquity?
First, let’s know what the grace period is. It is about the time that has elapsed since the entry into force of medical insurance and the possibility of using certain contracted healthcare services.
If we have health insurance at present, with coverage similar to those we wish to hire, and we have been in the company for 12 months, we have the alternative of asking us to eliminate the shortcomings. The companies usually require the receipt of the previous month and the duplicate of the health card to certify the seniority and eliminate these periods.
But beware, some deficiencies are not eliminated or even presenting this documentation. It is the case of pregnancies or births, which usually have very high periods of deprivation (about eight months on average).
If you are thinking about getting pregnant and have health insurance nowadays, it is better that you do not change your company at the moment. You could lose more than you earn with the change.
What are the pre-existing and ongoing processes?
Surely these concepts have been seen on more than one occasion. It is something that you should know if you suffer from any disease, has operated, or any other aspect that may be of relevance to the company. They tend to assess all these pathologies before accepting the policy contract because they have to check what expenses may be in the long term.
Colloquially so that we all understand it, it is about any illness, accident, or surgical intervention that you have had before hiring the insurance. Many of these pre-existing conditions can cause:
- We put some exclusion, so the company will not meet that pre-existence and its consequences.
- We reject the issuance of the policy if they are very serious.
- That they accept it because they believe that there will be no consequences.
In the case of ongoing processes, there is the peculiarity that you are in the middle of a treatment, and you have a surgery scheduled, etc. It can be a problem because probably the new company does not want to cover it, they exclude it, or they do not accept to register in the policy.
Therefore, before unsubscribing, confirm the discharge without exclusions. And, above all, always say it in your health questionnaire so that in the future, you will not have any problem if you accept the policy without exclusions.
Why Should You Buy Health Insurance?
In the situation of a lack of health insurance, you should enroll a single plan as quickly as possible. In the year 2019, you didn’t need to pay a fine if you didn’t have health insurance. But, in 2018, you had to pay a fee when you don’t have health insurance while filing federal taxes. The penalty called the Individual Shared Responsibility Payment (ISRP) is no longer effective.
Even though you won’t need to pay a fee until you meet an accident that needs medical attention, a small broken backbone can let you face financial effects without insurance. You will have to pay a huge amount for all medical treatments and checkups without insurance.
It would be best if you considered Health Insurance Marketplace. Perhaps you are eligible for cost-sharing reductions and income-based premium tax credits as it provides insurance plans to businesses, families, and individuals. Americans can enroll themselves in health insurance with this mandate. It is the best source of getting maximum compliance—this HI marketplace was established under the Act of Affordable Care. The majority of countries provide their own marketplaces, and the federal government offers exchange open to the citizens of other countries.
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