State High Risk Pools For The Medically Uninsurable

What Does State High Risk Pools For The Medically Uninsurable Mean?

State high risk pools for the medically uninsurable are state sponsored health insurance options for people who have pre-existing conditions that would disqualify them from most health insurance plans. These pools are largely unnecessary now since the Affordable Care Act of 2014 forbid health insurance companies from denying applicants due to pre-existing conditions. Also, Obamacare allows people to have a government sponsored insurance option if they cannot afford a private insurer.

Insuranceopedia Explains State High Risk Pools For The Medically Uninsurable

There are a number of pre-existing conditions that could have previously disqualified a health insurance applicant from getting approved for a health insurance policy. For example, cancer, heart disease, diabetes, and many other serious illness may have been viewed as too risky for an insurer to take on. In the past, people with such illnesses could have gotten insurance from a state high risk pool for the medically uninsurable. However, now these pools are not needed due to the Affordable Care Act.