How much does high-risk pool insurance cost?
RIsk pool health insurance is more expensive than traditional individual insurance. This is fair because pool members, by definition, are those who are considered to be medically uninsurable. State laws generally cap risk pool rates between 125-150 percent of the base individual market rate Example: If the average standard individual market base rate in a state for a 30-year old male is $100/month, a medically uninsurable male of the same age would pay $125-$150/month for comprehensive coverage in a risk pool. Risk pool rates are determined by your age and sometimes by where you live in the state. Pool rates are fairly affordable nationwide because they are directly tied to the rates in each state’s existing individual market.
Related Questions
- Will the Pre-Exisiting Condition Insurance Plan replace or modify the Texas Health Insurance Pool, the high-risk pool established by the state of Texas?
- How will the new Preexisting Condition Insurance Plan (formerly high-risk pool) work and when will it be available? What if my state already has one?
- Private insurance works well for 80 percent of us, why not just create government-subsidized high-risk pool for the other 20 percent?
