PCIP Coverage Ends on Dec 31, 2013

By: Taylor

What PCIP Insurance Is:

Pre-Existing Condition Insurance Plan or PCIP is a government organized health insurance program which provides health insurance benefits for the people with pre-existing condition. The program runs on the state level and not all states provide the coverage. Consumers with pre-existing condition who were without insurance for a period of 6 months or more and had been previously denied coverage through normal channels were eligible for the PCIP program.

Upon enrollment, the PCIP subscribers received insurance coverage for major medical expenses including prescription drugs and medical visits, however they were required to pay premiums and co-insurance amounts similar to those found in other medical insurances. The benefit was that they received their medical insurance through the PCIP program without extra charges due to their pre-existing condition.

Why PCIP Coverage is Expiring:

Two provisions within the Affordable Care Act will be enacted as of January 1, 2014. These two provisions make the PCIP coverage no longer necessary to offer as a separate type of insurance and they are:

The Individual Mandate: Which requires every legal citizen of the United States not covered under employer sponsored health plan, Medicaid, Medicare or other public insurance program to secure a pre-approved private insurance policy. This goes into effect on January 1, 2014. Exempt from this mandate are those members of a recognized religious sect exempted by the Internal Revenue Service, or waived in case of financial hardship. All others will pay a penalty if they are without insurance as of 1/1/2014.
Guaranteed Issue: Insurance policies must be issued to any consumer enrolling, regardless of pre-existing medical conditions and without charging additional premiums.
Because every citizen must have insurance, and every insurer is barred from precluding any person from a health policy based on a pre-existing condition, the PCIP Program is no longer needed and will no longer be funded.

Your Options:

Because PCIP will end on December 31, 2013 you must get yourself into a health insurance program which will take effect on January 1, 2014, your options include:

If you are employed: Speak to your employer right away and find out about getting on an employer sponsored health insurance program.
See if you qualify for Medicaid
If you are disabled Ė even if not as a result of your pre-existing condition, apply for Medicare as soon as possible.
If you are over the age of 65, or will be as of January 1, 2014, you should also apply for Medicare.
Use the Health Insurance Marketplace to purchase individual health insurance.
The Health Care Marketplace opened today (October 1, 2013) and is available for all legal residents of the United States to compare and purchase individual health insurance policies. If you are currently covered by PCIP program insurance, you cannot delay and need to start finding alternative insurance as soon as possible.

For more information visit: http://www.unsafedrugs.com/pcip-coverage-ends-dec-31-2013/

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