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62 Days after being Laid Off If you have been laid off from your job, it is important to secure health insurance within 62 days after being laid off. This is important because under HIPAA, if you go without health insurance for 63 days or more, when you apply for new health insurance, you will be subject to a preexisting-condition exclusion. Pre-existing Condition Exclusion Pre-existing Condition exclusion is a way Insurance companies try to save money on costs and discourage people from waiting until they get sick in order to purchase health insurance. Pre-existing Condition exclusion means that if you have a medical problem which exists at the time you enroll in or purchase your health insurance, the insurance company will deny all claims pertaining to this medical problem for a certain period of time. The insurer can exclude from coverage any health condition—cancer, heart disease, diabetes—for which you received treatment in the six months leading up to your enrollment. . How long does a Pre-Existing Condition Exclusion last? An exclusion period can last for up to 18 months if you join the health plan late. You can offset the pre- existing condition exclusion by producing your certificate of creditable coverage. If you can prove that you’ve had continuous health insurance for more than 12 months without a gap of 63 days or more, the new health plan will not be able to impose a preexisting-condition exclusion. What is HIPPA? HIPAA stands for the Health Insurance Portability and Accountability Act. It was enacted in 1996. HIPAA helps to enable individuals who have pre-existing health conditions to purchase--or keep--health insurance. HIPAA provides protection for individuals who risk losing their health insurance due to a change of employment, divorce, death, pregnancy or other reason.
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