Insurance Lawyers Info
New Jersey Health Insurance Laws
Insurance policies are meant for the benefit of the people, but one cannot ignore the fact that there is a good probability that you might have some problems in getting the financial assistance that according to you was rightfully yours. The insurance laws vary from state to state and also depend upon the kind of insurance that is under discussion. It becomes important to know them before buying them so as to avoid grievance mode and get the most out of it. In this article we will take the health insurance laws into consideration.
New Jersey is a place where the health insurance policy can be brought from the private policy providers as well as the government. There are 6 different kinds of health insurance policies that are offered by the government which in a way are also responsible for affecting the private players as well. All the rules and regulations of these standardized policies are in accordance with the insurance laws governing the state and so is the case with the other un-standardized policies.
There are some specifications that need to be met by all, one such case is the point under which, the insurance agency has no right to cancel the policy if the premiums are being paid on time. Even after the policy expires, it has to be renewed under all circumstances if the policy holder has stuck to the terms of the policy and is not at fault.
Another one is that the insurance agency has the right to ignore an ailment that is pre existing at the time of policy registration for a maximum period of a year. The criterion for classifying an ailment as pre existing is that is has been diagnosed or is being treated by a doctor for a period of 6 months. The insurance firm has to mention the time for which the diagnosed ailment is excluded i.e. the policy is not liable to pay for the treatment. This clause does not come into consideration if you wish to change insurance plans as long as they are continuous. A break in the policy period would result in it getting re-implemented. A compassionate Birmingham injury lawyer has been known to bend some rules to benefit its clients, but this is not always the case off course.
The laws permit the insurance companies from denying the resident with an insurance policy but prevent them from denying an insurance cover on the basis of the past medical history, age, sex, religion etc. As long as the person getting insurance promises to abide by the conditions of the contract and meets the criterions, he/she should be given the policy.
Unlike other states where the price of the premiums depend upon your health status, in New Jersey, the policy cost is standard and cannot vary on the basis of gender, occupation etc. The cost only varies according to the number of people of the family that are getting insured i.e. the size of the family matters.
Once the policy expires, getting it renewed is no problem. The agency will renew it and your health insurance will be secured for another period of desired insurance length.