Kentucky Health Insurance

In the state of Kentucky, insurance laws are made and regulated by the state’s Department of Insurance. In order to purchase health insurance, you must fill out an application the insurance company will use to determine whether or not you are insurable by their company standards. The state of Kentucky does not mandate that health insurance policies be guarantee issue. What that means for you is that the insurance company you have filled the application out for has the right to deny you coverage based on the information on your application.

 If you disclose any pre-existing conditions then the insurance company may deny you any coverage or may give you limited coverage with an exclusion rider for the disclosed conditions. However, if you do not disclose a pre-existing condition, then your health insurance claim may be denied by the insurance company if there is sufficient proof that the condition for which the treatment is needed was diagnosed before you purchased the health care insurance policy.

The Kentucky Department of Insurance has set a 6 month look back limit for insurance companies as well as a 12 month exclusionary period. This department has also made the requirement that insurance companies must give credit toward prior coverage if you are switching from another qualified health plan. The Kentucky state law has set standardized health plans that insurance companies must offer if they sell individual health insurance.

The responsibility of providing protection for your family and yourself against illnesses that you are otherwise unprepared for is the reason that most insurance plans exist. It is important to have insurance so that if there were to be something that made you not able to pay your hospital bills, the debt would not be passed on to your spouse or children.