What are “High-Risk Health Insurance Pools”?
High-risk insurance pools are “standard” health insurance policies for individuals with high-risk health conditions (pre-existing conditions) who are turned down when trying to buy health insurance. These policies consist of pooled money by insurance companies doing business in the state and by other state/federal funding mechanisms, thus, the name health insurance pools. In return for funding these high-risk policies, participating insurance companies receive tax incentives. High-risk insurance policies, for the most part are good comprehensive policies with $1 million lifetime maximum (caps). However, high-risk insurance typically costs more, which creates a paradox for most middle class families. The policies are available, but not affordable. State-by-State HIPAA Comparison My state has “Open Enrollment.” What does that mean? Open enrollment policies are most often health insurance programs mandated by individual state legislatures and regulated through each state’s department of i
