Health is indeed wealth, for the cost of needed medical care could sometimes put your personal financial status in jeopardy, especially during unexpected instances. One of the ways to address this eventuality is to purchase health insurance that would best suit your needs.
In Wisconsin, there are a lot of insurance providers offering myriad products to consumers from all walks of life. If you are thinking of purchasing a health insurance policy, have the patience to shop around first before settling for a particular product. Apart from selecting an insurance policy that meets most of your health needs, you also have to consider affordability of the premiums. You can achieve this by transacting with local health insurance agents who has built a solid and dependable reputation. But what happens if you have a preexisting medical condition and no insurance provider would be willing to offer a policy to you? The State of Wisconsin has its Health Insurance Risk Sharing Plan that you can avail of. The state also offers its own comprehensive insurance program, the BadgerCare. This program is specifically designed for those who cannot obtain health insurance on their own, are economically disadvantaged, and with children who are minors living with them. Premiums for this type of insurance would generally depend on the amount of family income.
Aside from cost, there are also several factors to consider before you select managed care plans offered by insurance providers. Those who already have their primary care providers prior to purchasing health insurance should select the insurance company with which the primary care provider is associated with, to ensure continued medical services. Should the contract between your doctor and the insurance provider be terminated, the provider is required by law to notify health insurance plan holders at least a month in advance. At any rate, it would be beneficial for insurance plan holders to go to network primary care providers in order for them to enjoy their full insurance coverage. It would also be good for you to select an insurance provider with facilities that are easily accessible to you. Lastly, consider any special medical condition or care you might require and select a policy that best answers this need.
And what if you changed you mind a few days after you get your health insurance policy and would wish to return the policy? Under Wisconsin state law, you are eligible for a full refund within ten days of delivery of the policy. On the other hand, those who purchase Medicare Supplement, Medicare Select, or long term health insurance policies can ask for full refund within thirty days of policy receipt. Those who are enrolled under group health insurance policies also need to know their rights under the state law in availing of this type of insurance policy. Foremost of which is the requirement for insurers to provide their clients and insured individuals with a copy of their health insurance certificate, either by informing them on how download it through the Internet or by providing a paper copy. Know also that most insurance providers would refuse coverage for employees with preexisting medical conditions.
In case the employee wishes to leave his or her employer and transfer to a company with no group insurance coverage, he or she can still continue coverage for up to 18 months, provided that this employee will shoulder the entire premium. They also have the option of converting group policy to an individual policy, subject to terms and conditions of the specific provider. However, if the group policy was terminated due to bankruptcy, employees cannot continue on the group policy on their own.
We help our Wisconsin customers in Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Oshkosh, Eau Claire, West Allis, WI and other cities in The Badger State lower their premiums and save money on all types of insurance. Use the form above to find low cost auto, homeowners, health, medical, life and long term care insurance. Using our Washingon insurance agent and broker network, you can compare rates quickly from the comfort of your home.
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