All medical insurance is provided at fixed price and is a low-cost alternative for limited medical insurance. The limited benefit insurance provides coverage with good benefits. The options available to the insured person depend on the plan selected by the person.
These insurance policies are not designed to act as substitute for traditional health insurance or major medical coverage. The limitations of the plan are given in the insurance contract documents that are given along with new member kit. For further details and complete cost associated with the coverage, get in touch with your certified healthcare insurance broker.
Certain policies put limitations due to pre-existing conditions. In majority of the cases an insurance coverage does not cover medical conditions that already exist until the policy is kept current for a period of at least twelve months. Medical conditions that are diagnosed with the preceding six months from the effective date of the coverage can be described as pre-existing condition.
The benefits that are represented are contracted from various insurance carriers. The benefits that are available in one state may not be available in another state even under the same plan. The limitation of the insurance plan is disclosed in the offer documents that are provided along with member kit. For detailed information and other risk factors, consult a licensed insurance agent representing guaranteed issue plans.
Terms of Coverage:
The insured person enjoys the benefits of the insurance coverage as long as he or she pays the required premiums and other associated costs in time. These timely payments keep the person eligible for the coverage. Along with timely payment of dues a person is also required to follow certain criteria to be eligible for the coverage.
- A person must not leave his current residence or the area covered by his or her current policy.
- Non-payment of fees and other related dues.
- Other rules as per the respective state.