ExecutiveChronicles | Healthcare Financing Tips for People With Pre-existing Conditions | If you’ve spent a lifetime battling a pre-existing condition, you know that good health insurance is hard to come by. And if you’re self-employed or work for a small business, you may not have employer-sponsored health insurance as an option.
What’s a person with a pre-existing condition needs to do?
First, check out your state’s high-risk health insurance pool. Also called a PCIP (pre-existing condition insurance plan), these state-run programs provide coverage to people with pre-existing conditions for who a private insurer has denied health insurance.
If your state doesn’t have a PCIP, or if you’re ineligible for the program (for example, if you’ve had a lapse in coverage of more than a certain amount of time in the past year), you can check out the federal government’s Pre-Existing Condition Insurance Plan (PCIP).
Both state and federal PCIPs offer comprehensive health insurance coverage, including doctor’s visits, hospitalization, prescription drugs, and more. Coverage is available to U.S. citizens and legal residents with a pre-existing condition who a private insurer has denied health insurance.
If you’re not eligible for a PCIP or looking for additional coverage beyond what a PCIP offers, there are a few other options to consider.
Short-term health insurance plans are designed to fill in the gaps between jobs or waiting for your employer-sponsored health insurance to kick in. These plans don’t cover pre-existing conditions, but they can provide some financial protection in the event of an unexpected illness or injury.
Some states have high-risk health insurance pools that offer coverage to people with pre-existing conditions. These plans are typically more expensive than regular health insurance, but they may be a good option if you can’t find coverage elsewhere.
If you’re self-employed, you may be able to get health insurance through a professional association or trade group. These groups often offer group health insurance plans at a lower cost than you could get on your own.
What happens if you have to go to the hospital?
We all know that hospital visits can quickly drain your finances. However, some of you may be surprised to learn that hospital financing is an option for those with pre-existing conditions.
That means if you’re ever hospitalized, you can get the care you need without worrying about how you’ll pay for it. If you’re facing a serious illness or injury, hospital financing can give you the peace of mind you need to focus on your recovery.
Financing is one option that can help you pay for unexpected hospital visits. You never know what life will throw your way, but with financing in place, you can rest assured that you’ll be able to get the care you need without financial stress.
It’s all about taking your healthcare seriously
You can’t put a price tag on your health. But if you have a pre-existing condition, you know that good healthcare is essential to maintaining your quality of life.
If you don’t have employer-sponsored health insurance, options are still available. State and federal high-risk pools can provide you with the coverage you need, and short-term health insurance plans can give you some financial protection in the event of an unexpected illness or injury.
You should also consider hospital financing to pay for unexpected hospital visits. With financing in place, you can focus on your recovery without worrying about how you’ll pay for your care.