South Carolina Individual Health Insurance
In this time when the costs of medical procedures, prescriptions and treatments continue to rise with no end in sight, health insurance in South Carolina is no longer a luxury- it’s essential! There is a great need for affordable options for health insurance to cover both routine and emergency medical expenses. IndividualHealthInsurance.org is here to fill that need for affordable health insurance quotes. When health emergencies surface, health insurance can help you from having to mine your savings and or retirement accounts and thereby save you from needless destitution. Many states have additionally mandated an expansion in coverage to include long-term care and disability benefits which even further protects your assets.
This article explains the regulations of South Carolina individual health insurance so that you can understand its ins and outs. Additionally, you will get information on small group plans and family plans. For workers and their families who have lost health insurance coverage due to a job loss, the United States government has given them the right to continue their group health insurance benefits through a program called COBRA- or the Consolidated Omnibus Budget Reconciliation Act of 1986. It should be noted that coverage under COBRA is often for a limited time and at the expense of the worker.
The information found here will help you make an intelligent and informed decision when it comes to South Carolina insurance. When you are ready to search for free quotes, IndividualHealthInsurance.org will be ready to provide you quotes from the most reliable providers in your area.
South Carolina Individual Health Insurance
According to South Carolina law, health insurance companies which offer individual health insurance policies can deny coverage for pre-existing medical conditions. If you have a pre-existing condition, you may still be offered a policy, but with limitations. One possibility is that your premiums may be higher than for those without pre-existing conditions. Another is that the insurance company can attach a rider. Basically a rider is added to the individual insurance policy and states that the company is not obligated to pay for medical expenses incurred by this pre-existing condition. A rider can be implemented for a certain period of time or can last for the life of the policy. Additionally, South Carolina health insurance companies are allowed to impose a waiting period for pre-existing conditions.
South Carolina Group Health Insurance
In order for a company to qualify for South Carolina group health insurance, it must have between 2 and 50 employees. However, that does not mean that every employee on staff will be covered by the group health insurance. Part-time staff or those employees who live outside of the area serviced by the company’s group health insurance provider may not be able to participate in the company’s group plan. While waiting periods and pre-existing exclusions are regularly imposed by the health insurance providers for individual health insurance policies, for group health insurance policies it is usually the company’s who set out the restrictions on treatment. The good thing about group health insurance is that if you are an eligible employee who meets all of the criteria as set out by the employer, you are guaranteed insurance benefits no matter what your current health.
South Carolina COBRA Insurance
If your previous employer has 20 or more employees, South Carolina health insurance regulations require COBRA benefits be made available to you. Typically, if you are eligible to receive COBRA benefits, you can do so for up to 18 months. For disabled people, the coverage extends to 29 months and for eligible family members, coverage can go as long as 36 months. Because COBRA is an extension of your previous employer’s group health plan, you are only covered so long as the plan hasn’t been cancelled or hasn’t been terminated for whatever reason. That is, if the plan is cancelled, your COBRA coverage will also end. If your COBRA coverage has run out or is going to run out, you may want to contact the South Carolina Comprehensive Health Insurance Association (ACHIA) who can help you obtain continued health insurance coverage.
Peace-of-Mind is only a Few Clicks Away
Now that you’ve read through the various elements of the various types of health insurance, you are well armed with the knowledge you need to navigate this sector. If you already are covered by your employer or through COBRA, you can review your coverage to see if it adequately will meet your needs. If you don’t have health coverage at this time (like three out of seven Americans), you can fill out the questionnaire on IndividualHealthInsurance.org to receive your free health insurance quotes today. With the soaring health care costs, only a strong health care policy can help protect your assets.
