Individual Health Insurance Policy
Reader’s Question:
Is there anything definite that I should look for in a Texas individual health insurance policy?
Chloe
Austin, TX
There’s definitely a lot, Chloe.
If you are currently shopping around for a health insurance policy in Texas, you need to check if it is non-cancellable, guaranteed renewable coverage. Simply said, it should be a policy that cannot be cancelled as long as your premiums are regularly paid and you do not defraud your insurance company. Be aware that there are some insurance companies that cancel health insurance policies when the policyholder gets sick. This can be legal in many states that’s why you need to be certain that what you will be buying is definitely non-cancellable and is guaranteed to be renewable each year. The next best thing you can pick is a conditionally renewable policy, which reserves the right to cancel all policies similar to yours but in no way can single you out for policy cancellation.
When it comes to a brand new policy, you surely need time for you to review whether or not it is a good coverage for you. That’s basically the reason why you also have to look for a health insurance policy which offers a 10-day recission period, for you to have the chance to cancel the coverage and get your premium back in case you don’t like the coverage.
Finally, get to know the policy well in terms of its coverage, limits of coverage, and start of coverage.