Your ultimate insurance guide


What Does Health Insurance not Cover?

You do not want to wait until you are sick or"Health Insurance Portability and
injured to find out what your healthAccountability Act of 1996" (HIPAA) helps
insurance policy will not cover. Read thepeople avoid duplicative waiting periods for
policy carefully. "Exclusions" (also calledpre-existing conditions when they switch form
"Impairment Riders") are certain injuries,one  insured  employer  to  another.
conditions, or procedures for which an
insurance policy will not pay any benefits.HIPAA says that employees can switch
Possible exclusions include: pre-existingemployers without losing group health
conditions; suicide or other self-causedinsurance or having a new waiting period for
injury; sexually-transmitted disease; visionpre-existing conditions. Insurers cannot
correction; noncommercial airline travel;exclude pre-existing conditions with a
experimental treatments (ask how they arewaiting period longer than 12 months. Also,
defined); and injuries from war. "Cosmeticprior continuous coverage (without a gap of
Surgery" that is needed because of an injurymore than 62 days) must be credited toward
or congenital defect is usually covered, butthis 12 months. For example, if you had
covered elective cosmetic surgery generallycontinuous coverage for 5 months before
is  excluded.switching employers, then your new health
plan cannot impose on you a waiting period
One of the most common exclusions is forfor pre-existing conditions longer than
pre-existing conditions. A "Pre-Existing12-5=7 months. If you had coverage for 12
Condition" is a medical condition or injurymonths before switching employers, then your
that was diagnosed or treated prior to thenew health plan cannot impose any waiting
start of the health insurance policy. Aperiod on you. If you are switching
policy with an exclusion for pre-existingemployers, then get a "Certificate of
conditions does not pay for expenses relatedCredible Coverage" from your prior health
to pre-existing conditions. Generally, thisplan  to  ensure  credit  for  past coverage.
exclusion lasts for a limited "Waiting
Period"  after  you  start  your  policy.HIPPA also mandates the following. Insurers
who serve employer groups with 2-50 employees
Pregnancy is not considered a pre-existingmust offer insurance coverage to all such
condition. Also, health care costs forgroups. Insurers must cover inpatient
newborns and adopted children covered withincoverage for mother and infant for at least
30 days should not be excluded during a48 hours after a normal birth or 96 hours
waiting period. Further, employers inafter a cesarean section. The tax
interstate commerce with 15 or more employeesdeductibility of health insurance premiums
must provide the same benefits for pregnancy,for the self-employed was increased. Long
childbirth, and related medical conditions asterm care insurance premiums are now tax
for any sickness or injury. For plans offeredexempt like those of regular health
by other size employers, you should checkinsurance. HIPAA also created a federal pilot
whether normal pregnancy and childbirth areprogram for Medical Savings Accounts that we
covered  --  not  just  complications.will  discuss  later.
Waiting periods for pre-existing conditionsA "Rider" is a separate page attached to a
are intended to discourage people from onlystandard policy that documents: coverage for
signing up for health insurance when theya condition that generally would not be
know they will need something expensive incovered by a standard policy; or exclusion of
the near future. Unfortunately, waitinga specific condition that generally would be
periods can also leave people withoutcovered by a standard policy. An
coverage for chronic conditions when they"Endorsement" is similar to a rider, but is
switch employers. To address this, theincluded in the body of the policy.



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