Pre-existing conditions are medical conditions that you have before you enroll in an insurance policy. Insurance companies use pre-existing conditions to determine whether to approve your application and what rates to charge you.
In general, pre-existing conditions will not be covered by insurance policies. This is because insurance companies are designed to protect you from future events, not to cover past medical expenses. However, there are a few exceptions to this rule.
Health insurance under the Affordable Care Act (ACA) is available through an open enrollment period each year. During this time, you can apply for coverage regardless of your health status. The ACA also prohibits insurance companies from denying coverage or charging higher rates based on pre-existing conditions.
Medicare also accepts pre-existing conditions in its Initial Enrollment Period (IEP). When you sign up for Medicare Part A for the first time, you have a seven-month IEP during which you cannot be denied coverage or charged higher rates.
Some employer-sponsored health insurance plans also cover pre-existing conditions for new employees. However, the rules for employer-sponsored health insurance vary depending on the size of the company and the plan itself. It is important to check with your employer to see what coverage is available to you.
If you have a pre-existing condition and are not eligible for coverage under one of the exceptions listed above, there are a few things you can do to protect yourself:
If you have a pre-existing condition, it is important to talk to an insurance agent to discuss your options. An insurance agent can help you to find the right coverage for your needs and budget.
By understanding pre-existing conditions and your insurance options, you can make sure that you have the coverage you need to protect yourself and your family.