If you have been without health insurance for at least 6 months due to a pre-existing condition, you may be eligible for health insurance under the new health care law. An important provision in the new law provides $5 billion in funding to offer temporary health insurance to many who cannot get health insurance through other means.
The program began accepting applications July 1.
This federal high-risk pool, officially known as the Pre-existing Condition Insurance Plan (PCIP), is a first step to help people with pre-existing conditions get the insurance coverage they need. This temporary program will operate until Jan. 1, 2014, when individuals will be able to buy health insurance through state-based exchanges.
Wyoming opted to have the federal government run its high-risk pool.
To be eligible for the federal Pre-existing Condition Insurance Plan, you must have been uninsured for 6 months, have a pre-existing condition, and be a United States citizen or national, or be lawfully present in the United States. Individuals will be accepted on a first-come, first-served basis.
The federal Pre-existing Condition Insurance Plan covers a range of benefits, including primary and specialty care, hospital care and prescription drugs. All of these health plans are required to cover pre-existing medical conditions.
Premiums are determined by a number of factors, such as your age and state where you live. Yearly out-of-pocket costs will be limited to $5,950 for individuals, not including the premiums you pay.
The federal Pre-existing Condition Insurance Plan began accepting applications July 1. The high-risk pool coverage will stop on Jan. 1, 2014 when individuals will be able to buy insurance through state-based exchanges.
You can find more information on the federal Pre-existing Condition Insurance Plan and get an application for this temporary insurance coverage at www.healthcare.gov.
Check AARP Get the Facts for the latest information about the new health care law.
Join or Renew and Choose Your Gift
- Offer ends Dec. 17
- Discounts on travel and everyday savings
- Subscription to AARP The Magazine
- Free membership for your spouse or partner