Kentucky Health Insurance

Kentucky’s health insurance companies are subject to a number of legal restrictions that can be of great benefit to those who take the time to learn about them.  The list below contains a brief summary of the advantages and warnings that you should be aware of when shopping for health coverage in the state of Kentucky.

• Kentucky, like many other states, requires all health insurers to guarantee the renewability of every policy they sell.  This means that, so long as you are keeping up with all premiums and holding to the terms of your contract, your insurance cannot be cancelled without your express permission.
• Coverage for dependents is something that is given special emphasis in Kentucky.  For example, any newborn or newly-adopted child is automatically covered for 31 days by the new parent’s individual health plan, provided that this insurance covers dependents.  In addition, any disabled dependent that exceeds the maximum age specified under the parent’s health plan can continue to be covered by that policy.
• Pre-existing conditions, defined by Kentucky’s regulations as a health issue that was diagnosed or treated within six months before taking on new health coverage, can be rendered exempt from coverage if your insurer choose to include the appropriate riders when creating your policy.  This exclusion can normally last for up to one year, although in some cases it may be enacted as a permanent exclusion.  Fortunately, as long as you have maintained continuous coverage for at least six months before taking on your new health plan, any waiting period that has already elapsed will be credited toward any new exclusion imposed for the same condition.
• While any health insurance provider in Kentucky may choose to deny applications for most forms of coverage on the basis of health, age, and so forth, they can only alter the price of their policies within strict limits when taking these factors into account.  In addition, the state of Kentucky requires insurers to offer a standardized policy to any applicant who is considered eligible for coverage.
• Small businesses in Kentucky— that is, any business with between 2 and 50 employees— are automatically eligible to purchase any group health plan that insurers are already offering to other small businesses here.  This group policy may be terminated if certain conditions are not met, however, such as having at least a certain percentage of the company’s employees sign on to the plan.  The risk factors (age, health, gender, etc.) of the insured employees can affect the pricing of a company’s health plan, but considerations like illness among the participants can never be used as grounds to cancel your coverage.

The most important step you can take in finding appropriate health coverage is to learn as much as you can about what you can expect from insurance companies in your area.  Once you know what to look for, you will have a much easier time comparing quotes and policy details from different insurers and finding the insurance that suits you best.

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