How individual health insurance Florida will be affected by healthcare reforms

How individual health insurance Florida will be affected by healthcare reforms

Individual health insurance in Florida is one of the most important products that the insurance industry sells independently. Of course, the consumers in Florida would love to have individual health insurance offered by their employers; but sadly, not all of the Floridians are employed. Self-employed, dependents, early retirees, etc. have to buy independent health insurance policies that can provide cover at the time of medical care need.

With the debate over healthcare reforms going on and how it can bring benefits to the individual consumers, we, in this article, are going to talk about certain rules and changes that this Act will bring.

There will be no discrimination against children with pre-existing conditions. So, if as an individual, you want to have your children as dependents, you don't have to worry if you child has a pre-existing condition.

The Act ends rescissions and bans the insurance companies in Florida from dropping people from the coverage when they get sick. Individual in Florida don't have to worry about the medical care needs in the future.

Individual health insurance plans suffered a lot of due to copayment options. The Actnow eliminates copayments for preventive services and exempts preventive services from deductibles under the Medicare program, giving the individuals a huge benefit.

Unlike existing rules, the Act prohibits the health insurance companies in Florida from placing lifetime caps on coverage. With this, the individual health insurance policyholders will be hugely benefitted.

The Act also requires plans in the individual and small group market to spend 80% of premium dollars on medical services. It is clear that individual will receive better medical care services with the implementation of this rule.

With these hugely benefitting changes, the individual health insurance market in Florida is surely going to have a sigh of relief. The ball now rests in the court of the individuals who can have a shot against the havoc that they feel when buying health insurance plans in Florida.

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