United Properly being Care now provides the Continuity plan. The Continuity medical health insurance card plan is an thought enacted by the CEO of United Properly being Care & its subsidiary, Golden Rule Insurance coverage protection agency. The thought is an outstanding one actually because of one in all many greatest challenges to all medical medical health insurance brokers is the battle to maintain “Assured Insurability” for purchasers who’ve been acknowledged with a lot of conditions equal to Diabetes or Most cancers. The onset of each of those sicknesses (and loads of additional) will render one “uninsurable” on the individual major medical market. This will likely grow to be a extremely main drawback if one looses their employer sponsored group safety and cannot each afford their State’s hazard pool safety, or they do not keep in a State that provides an Insurance coverage protection Hazard Pool.
The Continuity plan resolves this draw back by allowing insurable prospects to purchase any plan that United Properly being Care/Golden rule provides at solely 20% of the traditional required premium for that plan. Prospects can purchase this plan whereas they’re coated by an employer sponsored group medical medical health insurance plan that provides them Assured Insurability. Whereas the patron continues to be insured by their employer sponsored group plan the United Properly being Care protection of their various goes in to a “dormant” state. In numerous phrases, the protection stays in stress as long as the insured pays solely 20% of the required month-to-month premium for that product.
The second that the patron looses employer sponsored group safety, or is confronted with a hefty Cobra continuation premium. They are going to then elect to “awaken” the protection out of its “dormant” state and the protection will then begin to cowl them on a Assured Insurability basis with out the need for underwriting. Due to this if a shopper had been to develop a major medical state of affairs which may render them uninsurable on the individual major medical market whereas the Continuity plan was in its “dormant” state, their pre current conditions would proceed to be coated seamlessly from day one as quickly because the patron elects to “awaken” their Continuity safety. As quickly because the protection is “awoke” the insured would now should pay your full month-to-month premium required to maintain that individual individual medical medical health insurance protection. Nonetheless as anyone inside the enterprise is conscious of, specific individual insurance coverage insurance policies normally require a fraction of the premium that is required to maintain a Cobra continuation plan.
As quickly because the insured has retained one different employer sponsored group plan that provides Assured Insurability (presumably by securing one different employment place) then the protection goes once more in to its “dormant” state and the premium is subsequently diminished to solely 20% or the required month-to-month premium. Mainly this concept permits any shopper to “float” in and out of employer sponsored group safety whereas moreover sustaining the all essential Assured Insurability clause so worthwhile to these which were rendered “uninsurable” on the individual major medical market.