Wednesday, August 24, 2011

Health Insurance News That You Need to Know

There are some recent developments that everyone needs to be aware of regarding health insurance for pre-existing conditions. This PCIP (Pre-existing Conditions Insurance Plan) is available right now in 23 states, my home state Florida being one of these states. The qualifications are fairly simple.

  1. You must be a U.S. Citizen or living in the U.S. legally.
  2. You must have been uninsured for the last six months.
  3. You have a pre-existing condition that can be documented by your doctor or doctors.
The plan has three options. These plans are Individual Only Plans. No Family Plans.

  1. 80/20 with a $2,000 deductible.
  2. 80.20 with a $1,000 deductible.
  3. 80/20 with a $2,500 deductible and a Health Savings Account.
There is a web site on PCIP. It can be found at www.pciplan.com. At this web site, you can found out all about the coverages available, brochures, rates and you can even sign up for it online. There is also a $100 referral fee for Brokers (like me) who refer clients to PCIP and they accept and enroll in the plan. If you know of someone who is uninsurable and feels left out in the cold, please tell them about this option. If they happen to live in Florida, then tell them to let me put in a referral for them, so I can receive the small one time $100 referral fee.

We all know Health Insurance is expensive, but these rates seem to be fairly reasonable as compared to regular Health Insurance. I can see a huge benefit for the age 55 to 65 age group. Some of these people may have uninsurable conditions and they have been paying out of their own pocket for health care expenses. Now these uninsurables have an option.

Another category where this would be beneficial is for younger people who may have not had any Health Insurance and were in a tragic accident of some kind. Perhaps they have some long road of rehabilitation ahead of them. This would normally bankrupt a family having to pay these kind of expenses. At least now there is a option to help them.

So do the right thing and let your friends and family know that there is now this option available. It may be a good deed indeed for you to make them aware of PCIP.