State High Risk Pools For The Medically Uninsurable
State plans that provide health insurance coverage for those who are unable to purchase medical insurance. Coverage is provided by a specially formed nonprofit-making pool comprised of all the health insurance companies doing business in that particular state. The pool offers the insurance coverage to those residents of the state who: have been rejected for health insurance coverage by at least one insurance company; and/or have higher premium payments for a currently insured plan than that required by the pool; and/or have insurance under a rated health insurance policy or have a restrictive rider attached to that policy. The typical lifetime maximum benefits in most states is $500,000 with a $500 deductible. The waiting period in most states is usually six months if the applicant has been treated for a medical problem within six months of the application. Generally, in most states the premium paid by the insured ranges from 125% to 150% of the standard premium rate for that of an individual health insurance policy purchased through a standard carrier.
Popular Insurance Terms
Discharge of electricity from the atmosphere, one of the perils covered in most fire insurance policies. ...
Termination date of coverage as indicated on the insurance policy. ...
number of people born as a percentage of the total population in any given period of time. ...
Expenses connected with resolving an estate to include medical expenditures, funeral expenditures, probate expenditures, estate taxes, legal fees, and other administrative expenditures. ...
Sections with standard wording common to all property and casualty insurance contracts: conditions, declarations, exclusions, insuring agreement. ...
Tax charged to finance the old age, survivors, disability, and health insurance (OASDHI) plan. Both employer and employee share in the cost, making contributions on an equal basis. The ...
A fire division defines the act of breaking up a building into well-defined separate parts. They can also use an artificial division line from incombustible building materials. Often, ...
Same as term Expiration: termination date of coverage as indicated on the insurance policy. ...
Agreement by the insurance company to keep the universal life insurance policy in force, even if the cash value becomes zero or less than zero, provided that a specified minimum ...
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