Rhode Island Individual Health Insurance
Just a casual glance at today’s headlines can give you an appreciation for the need to secure and maintain affordable and quality Rhode Island health insurance. Healthcare costs continue to soar out of control- often surpassing household incomes. Having adequate health care coverage can not only give you peace of mind, but also help you to protect the assets you have worked so hard to procure. For this reason, thousands of people are turning to IndividualHealthInsurance.org for affordable health insurance quotes. Health insurance will help you cover the costs of your medical expenses; some states have expanded coverage to include long-term care and disability.
After reading this article you will have a much better understanding of Rhode Island health insurance in its many forms. Additionally, you will learn more about the Consolidated Omnibus Budget Reconciliation Act of 1986 or COBRA. To give an overview, COBRA is basically a plan that permits workers to continue their healthcare coverage for themselves and their families after being displaced for their employment. The coverage is often temporary and paid for by the individual.
The information you find here is just what you need to help you make an informed decision when choosing the health plan that fits your needs. IndividualHealthInsurance.org is ready to connect you to the top health insurance providers in your area to give you affordable quotes for you to choose from.
Rhode Island Individual Health Insurance
When applying for individual health insurance in Rhode Island, you should know that most health insurance companies in this state look to your health status when deciding whether to approve or deny your application. Generally, while filling out an application for individual health insurance, you will be asked detailed questions relating to your present lifestyle (such as smoking or alcohol consumption habits) and your family history. After reviewing the information you provide, a Rhode Island health insurance company will make the choice to deny your coverage or offer you a policy. Rather than deny claims outright, some insurance companies attach what is known as a rider to the policy. A rider basically excludes coverage for pre-existing conditions and may be enforced for a limited time or for the life of the policy. Other Rhode Island health insurance companies place a waiting period on pre-existing conditions whether there is a formal rider written into the policy or not. Be sure to read through your policy completely so you understand the coverage you can expect in your individual health insurance plan.
Rhode Island Group Health Insurance
Group health coverage for the state of Rhode Island is meant for companies which have anywhere from 2 to 50 employees. Under most Rhode Island group plans, coverage is not available for part-time employees or for those employees who live outside of the area that is serviced by the health insurance provider. Those who are covered are guaranteed treatment regardless of their current health condition. Unlike individual health insurance, if any waiting periods are enforced for the policy, those waiting periods are dictated by the company rather than the health insurance provider. Some employers offer a range of coverage which may or may not include deductibles and/or co-pays. Read through your options carefully so that you can choose the plan that best fits your personal situation or, if only one option is available, so that you will understand exactly what will be covered and what won’t be when medical expenses come to call.
Rhode Island COBRA Insurance
By Rhode Island law, COBRA coverage applies to companies who have 20 or more persons in their employ. As long as you meet eligibility requirements, workers who are between jobs can apply COBRA coverage for up to 18 months. For disabled people, the coverage can be extended to 29 months. Eligible dependents may be able to enjoy continued COBRA coverage for up to 36 months. Since COBRA is an extension of your previous group health insurance from your provider, it only remains effective if the original policy is current. That is, if your former employer cancels the group health insurance policy for any reason, your COBRA coverage would also end. If your COBRA benefits run out, you may wish to contact the Rhode Island Comprehensive Health Insurance Association (ACHIA) to obtain information on obtaining health insurance.
Peace-of-Mind is only a Few Clicks Away
Having read through the various types of health insurance, you are now well armed with the knowledge you need to confidently navigate through most health insurance policies. If you have health insurance coverage through COBRA or your employer, take a moment to glance through your benefits to make sure it covers you adequately. If you don’t have health insurance or want to seek out additional coverage, fill out the form at IndividualHealthInsurance.org so you can receive your free health insurance quotes. Don’t let soaring healthcare costs take away those assets you worked so hard to build.
