Wyoming Health Insurance

If you’re planning to buy health coverage in Wyoming, it’s a good idea to check up on the insurance regulations that can affect what’s available to you, and what it may cost.  While many of these regulations are almost identical from state to state, there are a few rules unique to Wyoming that could be of great significance to your efforts.  For your convenience, we have compiled the following list of major health insurance regulations in Wyoming.

• Wyoming mandates that all health insurance companies operating within its borders incorporate  guaranteed-renewability clause in each policy they sell.  This clause prohibits your insurer from denying your request to renew your current coverage whenever it is due to expire, as long as you likewise make sure to pay your premiums as required.  In addition, no health insurance provider may legally drop your coverage simply because you’ve fallen ill.
• Most states permit some degree of freedom to insurers in designating pre-existing conditions, and Wyoming is no exception.  In this state, any health issue diagnosed within 6 months before your policy’s start date is a “pre-existing condition” that can be excluded from any coverage obligation by your insurer for up to one year.  If you maintain continuous coverage before switching to new insurance, however, than conditions that occurred or were treatable under your earlier plan cannot be considered “pre-existing.”
• When anyone already covered by health insurance has (or adopts) offspring, that new child is automatically considered to be covered under the parent’s policy so long as said policy can be applied to dependents.  This automatic coverage lasts for at least 31 days, giving the parents time to make more permanent arrangements.
• The cost and availability of health insurance in Wyoming is relatively unrestricted.  Specifically, insurers are permitted to deny any new applicant on nearly any grounds, and those that are granted coverage may wind up paying more based on criteria like your age, health, or geographic location.
• Small businesses in this state enjoy certain privileges in the health insurance market.  State law in Wyoming guarantees every small business with between 2 and 50 employees will have access to any group health policy that is available to other small businesses here.  The cost of this coverage can vary somewhat due to the health of the insured employees, but not for any other reason.
• Wyoming-based insurance company can require an employer to meet certain requirements to maintain the company’s group coverage.  In many cases, these obligations can include ensuring that at least a certain percentage of the employees participate in the company health plan or a contribution to each employee’s premium payments. 
• Self-employed Wyoming residents are not automatically considered to be eligible to purchase group coverage as a larger small business would, unless there is at least one more employee involved.  Individual coverage is still available in this case, and Wyoming permits self-employed taxpayers who itemize their deductions to deduct a large portion of their premiums for individual health coverage.

By taking the time to learn about the regulations and entitlements imposed by your state and local governments you can drastically improve your ability to navigate the health insurance market and use its diversity and competition to your advantage.  If you then compare quotes from various competing insurers and carefully examine each offer that seems promising, you stand an excellent chance of finding affordable health coverage that fills your needs.

From Our Customers