Although this is a blog about Life Insurance, every once in a while I do a post on Health Insurance. Today is one of those days.
As many people are already aware, California has an open enrollment period from January 1st through March 1st for children under the age of 19. Children are guaranteed health insurance regardless of their pre-existing conditions. That time frame is coming to an end now, so I wanted to let everyone know that there is another time a child can be enrolled with a health insurance company on a guaranteed basis. Anyone under the age of 19 will be allowed to enroll on a guaranteed basis during the month of their birthday.
Even though they are allowing children to get a health insurance policy despite their pre-existing conditions, they may charge a higher rate depending on when the child had health insurance last. This depends on the insurance company you are going with and more insurance companies may end up charging an extra fee later down the line.
This is an excerpt from Anthem Blue Cross of California:
California Assembly Bill (AB) 2244 (2010) also provides that applicants under the age of 19 may be assessed a 20 percent surcharge for a period not greater than 12 months if the applicant has not had coverage within the last 90 days prior to the date of the application and is not considered a late enrollee.
Currently, this information is only valid for residents in California. If you ever have a question, please leave a comment and I will be happy to give you an answer.