Affordable Care Act’s Coverage On Pre-Existing Conditions

One of the more popular provisions of the Affordable Care Act (ACA) or Obamacare is the coverage on pre-existing conditions.  The ACA prevents health insurance companies from denying coverage to individuals with pre-existing conditions.

Since September 23, 2010, children under the age of 19 have not been denied coverage because of their pre-existing health problems.  Beginning in 2014, all insurance companies will have to accept adults that want to buy health insurance whether they have a pre-existing condition or not. From now until this period of time, adults may be denied health insurance coverage because of their health conditions.

Why should we care about pre-existing coverage if we have insurance or are healthy? 

Lets start with what insurance companies consider to be healthy.  Health conditions that many Americans have, are considered “pre-existing” conditions and therefore grounds for denial of insurance.  These health conditions could include high cholesterol, asthma, or high blood pressure. These conditions, though serious, are easily treated with life style changes and medications.

15-30% of healthy Americans under 65 years of age will develop a pre-existing condition within the next eight years. Any of us could be diagnosed with disease and be very vulnerable to losing our insurance until the adult inclusion of this ACA kicks in.

If you have insurance now, you may consider yourself safe from being denied coverage because of a pre-existing condition, but that is not always true.  Insurance companies can suspend policies, charge more and not cover essential care for those of us that have health-related problems.

Americans who have insurance through their employment are also vulnerable to loosing their coverage because of health related problems.  How?  You never know when a company may stop offering health insurance or lay you off.  

Many businesses are not offering group health insurance because of increasing health costs and loss of profits during the recession. Health Insurance coverage has dropped from 45.8% in 2010 to 44.6% in 2012 to those who have employer based insurance.  Also, companies are cutting back and reducing their work force, therefore laying off workers and putting them in a position without insurance.

It is a good policy that children and adults, are not denied health insurance because of their health related problems.  Individuals with pre-existing conditions are the very people who need and desire insurance.  Besides, any one of us could develop a health issue tomorrow and be consider one of the “pre-existing”statistics.

If you are in need of health insurance or want to re-evaluated your health insurance policy, begin by getting several comparison insurance quotes.  It is free and you are under no obligation.

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