Reading Time: 2-3 Minutes
Pre Existing Condition Insurance Plan
The new pre-existing condition insurance plan (PCIP) started a few days ago. If you have a pre-existing medical condition, don’t have insurance, and have been denied insurance keep reading…
Congress and President Obama signed The Affordable Care Act back in March. The Affordable Credit Act is the new health insurance law. The law created the PCIP to make insurance available to folks that denied coverage for pre-existing conditions like diabetes.
“For too long, Americans with pre-existing conditions have been locked out of our health insurance market,” said HHS Secretary Kathleen Sebelius. “…the Pre-Existing Condition Insurance Plan gives them a new option – the same insurance coverage as a healthy individual if they’ve been uninsured for at least six months because of a medical condition. This program will provide people the help they need as the nation transitions to a more competitive and fair market place in 2014.”
If you have been uninsured for at least six months, have a pre-existing condition, or been denied coverage because of a health condition, and a legal U.S. citizen you may be eligible. The plan will be available in every state (the program varies from state to state).
Some of the PCIP features:
-The PCIP will include primary and specialty care, hospital care, and prescription drugs
-Won’t charge a higher premium because of pre-existing condition
-Eligibility is not income based
The PCIP will help out folks until 2014 when the competitive marketplace with “exchanges” kicks in. The exchange promises that there will no longer be discrimination against people with pre-existing conditions.
If your state is using the federal pool of cash and you apply by July 15, your coverage will start in August. Premiums will depend on your age and the state you live in. The minimum monthly premium will be $140 and the maximum premium is $900.
Check out healthcare.gov for more information on PCIP.
Related posts:
Recent Comments