If health insurance companies feel you will cost them money – yes, the bottom line for getting health care insurance is often whether you are going to cost the company money – they may choose to insure you but at a higher rate, insure you but not cover your particular condition, or do both, insure you at a higher rate and not cover your condition. They may also choose not to give you insurance either.
You might want to know that if they do choose to insure you with a certain condition and hike your rates, those rates may be as high as 25% to 50% over and above the preferred rate.
If they do decline to insure you, there are other options, and one of them is to shop around because all insurance companies are NOT equal in how they do their underwriting. If all else fails, then you may turn to the Texas Risk Pool.
To be able to access the Texas Risk Pool you must know you will be declined, have been declined or have a letter from an insurance agent that says you have been declined.
To learn more, visit http://www.texashealthandlife.com.