“I lost my insurance in Dec. 2009 when it reached almost $20K a year, but I’m now able to get coverage again for half the price.” - Gary, of Greens Farms, Conn., who’s now covered by the new Pre-Existing Condition Insurance Plan, no longer has to worry about getting continued treatment for his chronic illness.
How it works:
• Coverage is available through the new Pre-existing Condition Insurance Plan (PCIP) if you’ve been uninsured for at least six months and have been denied coverage because of a pre-existing condition.
• Premiums vary by age (but not by health status) and are tied to average rates for healthy individuals in your state.
The fine print:
• Your costs will vary by state, but all options include comprehensive coverage with no out-of-pocket costs for preventive care.
• Premiums are not based on income, so a PCIP may still be unaffordable for some.