Health insurance is something that every individual and family needs and is something that it is very important that you keep up with. Many people get their health insurance coverage from their employer or the employer of a family member and the one true benefit of this besides the lower cost is the fact that your health insurance premiums are being deducted from your salary. This helps to ensure that your premiums are not only being paid but that they are being paid on time as well.
The current state of the economy has witnessed many companies scaling back their work force and also falling prey to the scaling back is in the area of the employer based health insurance coverage. This is really hitting hard many employees because they have to budget the extra expense of finding and securing their own health insurance. This added responsibility cannot be taken lightly because it is very important that the premium is paid when due so that there will be no lapse in the policy they have purchased.
Other persons at risk of losing health insurance coverage are those who are either in the transition period between jobs or are newly unemployed. They have only a couple of options to try to stay insured. One is finding lower cost coverage, or using the COBRA option to extend their current health insurance benefits. What ever they decide to do, they will need to make sure they can and do pay the premium on time every time. No doing so could easily everyone under their care at risk should an emergency happen. This could also leave them falling into the category of pre-existing condition status.
A three month lapse in health insurance coverage could easily cause future problems for any policy holder, especially if circumstances allow them to be reinstate their health insurance. This is due to the afore mentioned pre-existing clause in the policy. Experts expect this clause to be illegal in the future, but for now it is alive and well and every lapse period is at its mercy. This clause and a lapse could cause any claim to be denied.
In the coming years, due to the expected changes by the federal government to health insurance, it will be very important to keep up with what those changes will be as they are being implemented. Even without the pre-existing clause to deny claims, it is best to get used to paying the premium amount on time without exception in a timely manner, regardless of your current state of finances. Learning to maintain continual health insurance coverage is the key to having no surprises should a crisis require the help for a claim.
The current state of the economy has witnessed many companies scaling back their work force and also falling prey to the scaling back is in the area of the employer based health insurance coverage. This is really hitting hard many employees because they have to budget the extra expense of finding and securing their own health insurance. This added responsibility cannot be taken lightly because it is very important that the premium is paid when due so that there will be no lapse in the policy they have purchased.
Other persons at risk of losing health insurance coverage are those who are either in the transition period between jobs or are newly unemployed. They have only a couple of options to try to stay insured. One is finding lower cost coverage, or using the COBRA option to extend their current health insurance benefits. What ever they decide to do, they will need to make sure they can and do pay the premium on time every time. No doing so could easily everyone under their care at risk should an emergency happen. This could also leave them falling into the category of pre-existing condition status.
A three month lapse in health insurance coverage could easily cause future problems for any policy holder, especially if circumstances allow them to be reinstate their health insurance. This is due to the afore mentioned pre-existing clause in the policy. Experts expect this clause to be illegal in the future, but for now it is alive and well and every lapse period is at its mercy. This clause and a lapse could cause any claim to be denied.
In the coming years, due to the expected changes by the federal government to health insurance, it will be very important to keep up with what those changes will be as they are being implemented. Even without the pre-existing clause to deny claims, it is best to get used to paying the premium amount on time without exception in a timely manner, regardless of your current state of finances. Learning to maintain continual health insurance coverage is the key to having no surprises should a crisis require the help for a claim.
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