Colorado State Health Insurance
Each Colorado health insurance policy has a limit on everything that it covers. This means it’s sometimes difficult for people who have a pre-existing condition to obtain the necessary health insurance they need. However, there are several state-sponsored health insurance programs in Colorado and one of them is the high-risk insurance pool. This program is designed to assist those who have been turned down for a private insurance plan due to a pre-existing condition.
However, with the new Affordable Care Act, insurance companies won’t be able to turn down patients with a pre-existing condition starting in 2014. But until then, it may be necessary to apply for the high-risk pool. But if you have a pre-existing medical condition you can still apply for a private insurance policy. This is because there are numerous health insurance companies in the state and it’s possible one of them may accept you as a customer.
Many insurance firms offer coverage to people, but place a condition on it which is known as a rider. This rider basically limits the specific health conditions that you’re insured for. The fine print of the rider is typically outlined and added to the policy in a separate document. However, while a rider can reduce the amount of coverage in a health insurance policy, it can also be used to provide additional coverage.
For instance, when adding coverage you may ask for a rider on your Colorado health insurance plan to include dental, vision, prenatal or maternity care, etc. Of course, if it’s added the price of the premiums will go up. When applying for a health plan you’ll have to answer a questionnaire concerning your medical history as the insurance company wants to know what conditions you’ve had in the past and which ones if any, you currently suffer from.
When reducing your coverage because of a current medical condition the policy will usually come with a rider which limits the coverage for that specific condition for a time period of about a year. For instance, if you have a broken arm when you apply for health coverage the insurance company may accept your application, but could add a rider to the insurance plan which will limit the coverage when it comes to treatment for your arm.
A rider is usually effect for about a year since the broken arm will be expected to be healed by then. However, the rider and length of time it’s in effect depends on the specific type of health condition or injury you’re suffering from and how severe it is. Riders can last longer and could also be permanent, in effect making it an exclusion on your policy.
Health insurance riders are used since there’s a good chance the insurer will be asked to cover costs relating to the condition. If you have a pre-existing condition you might want to get in touch with a licensed, independent health insurance agent who works closely with numerous insurance carriers. The agent/broker will try to locate the most suitable Colorado health insurance coverage for you with the fewest limitations and at the most competitive rates.