Health Insurance Portablilty Accountability

Effective January 1, 1998 the Health Insurance Portability Accountability Act may make it easier for you to change jobs without losing health insurance coverage. The law encourages you to maintain continuous insurance coverage. Key provisions include: employees with 12 months of continuous coverage under an employer, union or group medical plan are not subject to a preexisting condition exclusion period. Pre-existing conditions must be covered under this plan. Employers can continue a waiting period before employees are eligible to enroll in the plan. Other provisions are: sick employees can not be dropped from a group plan or charged higher premiums. Pregnancy can no longer be deemed a preexisting condition. To take advantage of the new law, you must not go without group benefits for more than 63 days.

Source: Talking Dollars Makes Cents by Patrice Dollar

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