Denied Health Insurance: What Public Options Exist?

If you are one of the many who have been denied health insurance and cannot find any type of coverage, there may be public options in place to assist you. Although the law does not require it, many states have high-risk pools who will allow those deemed uninsurable some opportunities to purchase coverage for themselves. High-risk pools are are private, self-funded health insurance plans and right now, they are the only readily available public option for those previously denied health insurance coverage.

Public Options More Expensive

It is important to know that the cost of high-risk pool insurance is more expensive than traditional insurance provided by a private insurer. That is because more money needs to be collected to offset any possible claim the company will have to pay out for the high risk insurance.

Purchasing High-Risk Insurance

Currently more than 30 states have high-risk pools for people who need it. 12 states use other means of providing health insurance coverage to those who are challenged by this task. Those options include coverage through a reinsurance pool or designated carrier of last resort. 5 states absolutely no plan “B” in place for those in need.

If these options seem unsatisfactory to you, now may be the best time for you to get updated on the state of the current health care reform bill currently passing through the senate.

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