123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Insurance >> View Article

Marketplace Schemes Bringing Diabetic Health Insurance Plans Under Single Umbrella

By Author: Lester Hobbs
Total Articles: 51

The US government has now made things easy for the citizens to invigilate and buy required health insurance for diabetic patients from a singular marketplace source. Other than unification of policy purchase sources, this scheme has got one more interesting facility. Often the policy issuing companies refuse to offer requisite coverage, bear treatment cost, or charge incremental premium size, simply because the policy holder or his/her family members are diagnosed with Diabetes as preexisting illness. This scheme will prevent the insurance companies from doing so, and it will be enforced from January 2014 onwards.

Marketplace health insurance for diabetes in a nutshell

This facility enables any individual or small scale enterprises to come and compare existing diabetes health insurance schemes offered by different companies. They aren’t required to visit different places to collect information; a singular marketplace source will do it for them. Healthcare policy issuing companies participating into this venture will have to safeguard consumer’s interest, charge justified fee and offer specific benefits. Costing hierarchy will segment the schemes into four different categories, namely Platinum, Gold, Silver and Bronze.

Eligibility of the purchaser

Although this facility enables almost everyone to purchase policy, still it has certain eligibility criteria for the potential diabetes health insurance policy purchaser. If you are below a certain income level, or ineligible for healthcare policies issued by your employer, or not covered by any related schemes-you would be provided with certain financial bail outs to help you purchase your desired policy from the marketplace source.

It is to be noted that both buyers and sellers of health insurance for diabetes enjoy the right to conduct the transaction outside marketplace source. You are still allowed to buy policies from companies not participating this venture and go ahead, but with a small twist. In case the policy issuing company doesn’t meet eligibility criteria set by marketplace authorities, you stand ineligible for getting any financial help from the Federal authority.

It’s a necessity to escape tax obligations

From 2014, it would be mandatory for an individual to purchase healthcare policies to escape tax liabilities. Policies purchased from marketplace sources will invite tax exemptions, and it includes healthcare packages like Medicaid, eldercare programs, state children’s healthcare programs, TRICOR and other job related insurance schemes.

Your benefits

Diabetic health insurance plans purchased from marketplace carries few crucial elements of healthcare benefits to treat emergencies. This is inclusive of

• Physician’s fees and cost of hospitalization including emergency medication and treatment
• Maternity and neonatal care
• Substance abuse and psychological disorder treatment
• Expenses associated with rehabilitation programs and prescribed medicines
• Management of chronic complicacies
• Eye and oral care services for children

Nevertheless, you are always encouraged to clarify things from the policy seller regarding the coverage offered by the concerned scheme

Most importantly, the policy seller can’t charge more premiums or refuse you from providing the requisite coverage, just because you are carrying Diabetes. In additions, the plans sold from marketplace sources limit your exposure before probable expense level to be shouldered for treatment purpose. Unless the conditions like age, consumption of nicotinic substances, geographical territory or family size are taken into account, you aren’t liable to bear any extra cost to afford your diabetes treatment.

Lester Hobbs is an eminent lifestyle correspondent, and is currently highlighting issues like diabetic health insurance plans available for common people.

Total Views: 107Word Count: 537See All articles From Author

Insurance Articles

1. Health Insurance Company
Author: Kent Pinkerton

2. Compare Health Insurance Online & Plan For The Emergency Room
Author: Muhammad Waqar Asghar

3. The Best Mortgage Advice Liverpool
Author: sylver

4. Professional Mortgage Advice Liverpool
Author: sylver

5. Mortgage Advisor Leeds Makes The Process Of Mortgage Quick And Easy
Author: sylver

6. Help From A Mortgage Broker Sheffield
Author: sylver

7. Car Insurance Best Rates
Author: Mike Hearn

8. Few Tips To Remember Before Buying Insurance From Private Companies
Author: Money Classic Research

9. Personal Insurance Is Significant In Dubai
Author: Omega Insurance

10. Education In Dubai Might Increase But Not To Those Who Invest In Child Education Plan.
Author: Omega Insurance

11. Peach Injury - Medical Lien Services
Author: Peach Injury Network LLc

12. 6 Tips To Follow To Get Cheap High Risk Auto Insurance
Author: Victor Cano

13. Welcome Aboard To International Travel
Author: James

14. Choose Best Home Insurance Company In California And Find A Best Home Insurance Policy
Author: caleagleinsurance

15. 3 Facts That You Must Know About Freight Factoring Services
Author: Husam Jandal

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: