Arizona Health Insurance and You

Arizona health insurance providers must abide by the policy regulations established by the state’s own insurance laws. These Arizona Health Insurance laws are made by the state legislature in order to regulate the Arizona health insurance industry, to protect both Arizona insurance companies and Arizona health insurance policy holders. Though most states follow many of the same rules regarding insurance, there are many laws that vary from state to state.

One state regulated aspect of Arizona health insurance is the policyholders’ right to renew a policy. Arizona health insurance companies must have a guaranteed renewability policy that allows insured individuals to renew their Arizona Health Insurance policies at the end of their terms regardless of severe illness. This Arizona health insurance law protects the individual from having his or her Arizona Health Insurance policy dropped at the end of a term. No matter how many claims a person has made, it is against the law for an Arizona health insurance company to prevent the person from renewing his or her term.

In addition to insuring an individual’s right to renew, Arizona health insurance companies are also required to cover newborns or adopted children for the first thirty-one days of an Arizona Health Insurance policyholder’s custody. This ensures that babies are covered in case of medical emergencies in the first days of life without the parents having to fill out the required paperwork right away.

State laws are also in place to benefit insurance companies. For instance, Arizona health insurance companies can exclude from coverage any pre-existing conditions that insured individuals had before their policies began. For instance, if a person was diagnosed with a heart condition prior to obtaining coverage from an Arizona health insurance company, the insurance company does not have to pay for any claims stemming from or relating to the pre-existing heart condition. Some companies take a lighter approach to pre-existing conditions, offering a waiting period before they will pay for pre-existing condition claims. This waiting period is entirely up to the individual Arizona health insurance company, and it is not required by law.

In order to be licensed in the state, Arizona health insurance companies must follow specified regulations imposed by the state. An Arizona health insurance company does not have to be licensed in order to operate, but purchasing a policy from a licensed Arizona health insurance company does guarantee an individual that certain rights will be upheld.

There are no laws regarding the cost of premiums charged by Arizona health insurance companies. They can charge more for people who are older or who have failing health. There is no limit to the amount a premium can increase every year, so aging Arizona health insurance policyholders may find themselves dealing exponentially increasing premiums from year to year.

Arizona health insurance companies are also required to allow individuals to obtain temporary coverage after they lose their jobs and therefore lose their insurance policies. Individuals must apply for temporary insurance within thirty-one days of losing their coverage. Temporary coverage is much more expensive for Arizona health insurance policyholders than is regular coverage obtained through a place of work. This is partly because most employers pay for a percentage of their employee’s monthly premiums as a part of their benefits packages. However, for an individual with an illness that needs medical attention, temporary Arizona health insurance can be a more cost effective option than paying for medical bills on his or her own.

Arizona Health Insurance and You

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