Rules Regarding Individual Indiana Health Insurance Plans

Medical insurance is important for all families since it protects you in case you suffer an unexpected injury. Such protection is, naturally, very important to parents. In order to get the right kind of medical insurance for your family, you need to think about your financial situation as well as the current health of your family. In Indiana, the sale of private medical insurance policies is monitored by the Indiana Department of Insurance. Residents have many options to consider when it comes to buying Indiana health insurance.

State laws require that individual Indiana health insurance plans be medically underwritten instead of guarantee issued. As a result, medical insurance companies can find out about your health history when you apply for a policy. In some cases, insurance providers may choose not to insure you due to information in your medical history. Insurance companies are permitted by Indiana law to view the last year of your medical activities as well as the last 2 years to exclude any possible conditions that were pre-existing. Medical insurance policies are very different depending on which provider you choose. Insurance companies are not permitted to put riders on individual medical policies when they are first issued, making Indiana a so called "non-rider" state.

Rules for Small Group Indiana Health Insurance

Employers can provide smaller group medical insurance in Indiana to their workers if their business employs more than 2 but less than 50 people. These insurance policies are guarantee issued, which means that they cannot be denied to an applicant because of any current or past health conditions. When applicants do not have prior creditable coverage, meaning they have not been insured for over 63 consecutive days, insurance providers are permitted to enforce an exclusionary period for any previous medical conditions of 9 months. They may only view detailed medical history on applicants for the last 6 months. Small group health insurance policies can be medically underwritten in Indiana. What being medically underwritten means is that insurance companies can decide what group rate to charge after questioning group members regarding their health. Health insurance providers in Indiana can adjust group rates to up to 35% of the indexed rate for small group medical insurance. They figure out insurance rates for groups based off of the sex, age, industry rating, and physical location of the group applying. Different health plans offer different levels of coverage.

Continuation Coverage and COBRA in Indiana

There are no mini-COBRA laws in Indiana. There are federal laws, however, that govern how continuation of medical insurance coverage , referred to by its acronym, COBRA, functions. in Indiana to their workers if their business employs more than 2 but less than 50 people. These insurance policies are guarantee issued, which means that they cannot be denied to an applicant because of any current or past health conditions. When applicants do not have prior creditable coverage, meaning they have not been insured for over 63 consecutive days, insurance providers are permitted to enforce an exclusionary period for any previous medical conditions of 9 months. They may only view detailed medical history on applicants for the last 6 months. Small group health insurance policies can be medically underwritten in Indiana. What being medically underwritten means is that insurance companies can decide what group rate to charge after questioning group members regarding their health. Health insurance providers in Indiana can adjust group rates to up to 35% of the indexed rate for small group medical insurance. They figure out insurance rates for groups based off of the sex, age, industry rating, and physical location of the group applying. Different health plans offer different levels of coverage.

Enter your zip code above to receive a free health insurance quote in Indiana.