Car Insurance in Oklahoma

Reader’s Question:

I am from Oklahoma and I have rejected both by a health insurance company and life insurance. I was diagnosed with HIV 2 years ago and was dropped out from my life insurance eventually. I would like to know if there is anything else that I can do as I wouldn’t want to undergo the same underwriting process I’ve went through and get denied afterwards. What are my options?

Danny

Norman, OK

 

There’s always something you can do, Danny.

You are so lucky that you live in one of the 30 states that have what’s called “high-risk pools” which offer health insurance to “uninsurable” residents like you. This is really a government program intended for people who are turned down by health or life insurance companies because of their medical condition. You might want to be one of more than 175,000 people enrolled in this program across the U.S. which can possibly be the only program that can offer you health insurance coverage.

So how is this different from other health insurance in Oklahoma? Well, apparently, it offers similar coverage to that of private insurers, but can be limited in some states. There might be limitations on other healthcare such as mental health and pregnancy, which is hardly the case with private health insurance policies. However, like private health insurance companies, high-risk pools programs impose a waiting period of 6-12 months on coverage of pre-existing conditions.

Be informed as well that high-risk pool premiums are relatively more expensive than the private health insurance policies. I think this is because the premiums are normally higher in high-risk pools than what’s being charged by private insurance companies. Also, coverage becomes expensive for people with older age since all states adjust premiums for age when it comes to high-risk pools.

But if you really think about it, this is really a giant step for people like you who have medical conditions. What’s important is, you get coverage and you will be protected especially since you have an existing health condition.