Vermont Individual Health Insurance

Health insurance is an indispensable safeguard that every person and every family should consider. In the absence of proper health coverage, you can get stuck with huge medical bills associated with illnesses or injuries. If you don't get group health insurance through your employer, then you should look into purchasing Vermont individual health insurance from a private insurer. As a Vermont resident, you should educate yourself on the state laws and regulations that affect these individual health insurance plans.

Eligibility: How Am I Evaluated?

First, Vermont individual health insurance applications are guaranteed issue, which means that your insurer cannot deny you coverage even though you suffer from a chronic health condition. Vermont health insurance laws mandate insurances companies to charge same premium to everyone regardless of age, gender, health history, lifestyle choices and regional demographics. Under Vermont law, in compliance with HIPPA Group-to-Individual Portability Coverage regulations, BC/BS is required to provide health insurance plans similar to the terms and prices of the regular health insurance policy to HIPPA-eligible individuals who are unable to obtain health coverage due to pre-existing condition.

Vermont Guaranteed Benefits & Pre-Existing Conditions

What your policy covers will depend on which plan you choose to buy. Insurers are allowed to tailor their plans as they see fit and offer the benefits that they want, for the most part. There are a few benefits that all insurers are required to cover for all customers under Vermont law. These benefits include things such as screening for breast cancer and continuity care for pregnant women.

In Vermont, an insurer can protect themselves from a pre-existing condition by looking for pre-existing conditions in your 12-month medical history and exclude them from your policy any conditions that you did or should have received treatment for, for up to the first 12 months of your policy.

Vermont Individual Health Insurance Premiums

Under Vermont health insurance laws, health insurance companies are required to charge the same premium to everyone, regardless of age, gender, health history, lifestyle choices, and regional demographics. Your Vermont individual health insurance policy cannot be cancelled by your insurer when it is time for you to renew. Vermont health insurance policies are guaranteed renewal, so that you have the choice of whether or not to continue with your policy regardless of your health or age status.

When looking for health insurance alternatives in Vermont, it is important to be aware of the coverage details and the costs of owning a health plan that you are particularly interested in. Getting in touch with a qualified broker/agent can assist you in choosing a health coverage option perfect for you and your family.

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