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Frequently Asked Questions The following are questions most of our clients have while searching for Illinois health insurance plans. If you can't find your answer on our website pleae give us a call at 847-550-1444.
How long does it take to enroll  in a health insurance plan? It depends on the health status of the applicant and the health insurance company to which the applicant applies.  Some health insurance companies may approve, within a few days, the application of a healthy young adult.  However, for less healthy or older applicants, processing of an application can take several weeks or more.  Each circumstance is different.  You should consult your independent health insurance agent to get a realistic expectation. If you need health insurance coverage that starts right away, you should consider short-term health insurance, which can begin as of the next day. Do I have to take a physical exam in order to obtain health insurance coverage? The health insurance companies represented by MedEquote rarely require physical exams.  The exceptions usually involve older applicants who have not consulted a physician in the last couple years. Can my health insurance application be denied? Yes. Whether an application is approved or denied depends on the applicant's health.  Contact your independent health insurance agent to get a realistic assessment regarding your own circumstance. Can I buy health insurance for less if I deal directly with an insurance company? No. Health Insurance rates are strictly regulated by the state.  Health insurance will cost the same whether you use an independent health insurance agent or deal directly with an insurance company. Why should I use an independent health insurance agent? Because he/she is not an employee of insurance company, the independent agent can more objectively recommend the best health insurance company for your situation.  In addition, an independent agent will be familiar with insurance company bureaucracies, which can save you a lot of aggravation.  Further, if your circumstances change, an independent health insurance agent can recommend a more appropriate health insurance plan for you.
Must I pay a fee to an independent health insurance agent? No. An independent health insurance agent is paid a commission by the health  insurance company.  No additional fees are added to your health insurance cost. What are the options for making my initial health insurance premium payment? An initial payment (usually one month of insurance premium) is usually required with your health insurance application.  Checks or money orders are acceptable.  Some health insurance companies allow initial payment by credit or debit card.  Health insurance companies will not accept cash. Will a new health insurance policy cover my pre-existing condition? Most individual and family health insurance policies limit coverage for pre-existing conditions during the first nine to twelve months of coverage.  However, the pre-existing condition exclusion period is waived to the extent that the applicant has "qualifying" prior group coverage.  This is a government-mandated requirement, though the health insurance company can still deny the application of someone whose health does not meet the insurance company's underwriting requirements.  In the absence of prior group coverage, some health insurance companies will waive their pre-existing condition exclusion for any health conditions listed on the application.  Most HMO plans do not have pre-existing condition exclusions, though HMO coverage is rarely available to people not participating in employer-sponsored plans.  In addition, when such HMO coverage is available, the rates tend to be quite high. You should fully discuss your pre-existing conditions with your independent health insurance agent before you submit a health insurance application How do health insurance companies define "pre-existing condition?" Each health insurance company has its own specific wording.  However, the following statement is in line with most insurance company provisions:  "A pre-existing condition is a medical condition that would cause a normally prudent person to seek treatment during the twelve months prior to the beginning of coverage.
I have previous group health insurance coverage.  Does this mean the health insurance company must accept my application and apply no pre-existing condition limitations? No. In Illinois it does not matter that you have previous group health insurance coverage.  A health insurance company can still deny your application for individual or family coverage.  However, if your application is declined, you may be eligible to participate in your state's "safety net" plan established for persons who are unable to obtain health insurance coverage on the open market. I am pregnant.  Can I obtain health insurance? No insurance company underwriting individual or family health coverage will agree to insure you while you are pregnant.  However, group health insurance plans will accept new enrollees who are pregnant.  So, if you are pregnant and have an opportunity to enroll in a group health insurance plan, take advantage.  Otherwise, you may wish to look into your state's comprehensive "safety net" plan.  For more information about these "safety net" plans, use the links contained in the answer to the following question. What are my options if I my application for coverage is denied? You can apply to another health insurance company.  Different insurance companies use different underwriting standards. You may obtain coverage the second time around.  It depends on the specific health conditions at issue. If no health insurance company will agree to insure you, you may qualify for enrollment in your state's "safety net" plan. The state of Illinois offers the "Chip" programs for adults and also has what is called the "All Kids" program for children. The goal of the state of Illinois is to make sure no child goes without coverage. Can my weight make a difference in my health insurance rates? Yes.  All Illinois health insurers use height/weight tables to make risk determinations.  People with "non-standard" height/weight ratios may be charged higher rates or refused coverage. These height/weight standards vary from health insurer to health insurer.
Can my health insurance be terminated for any reason? Illinois provides strong consumer protection.  In general, the insurance company can terminate your coverage for only the following reasons: (1) failure to make premium payment within the payment grace period, (2) material omission or misrepresentation on your health insurance application, or (3) the insurance company entirely withdraws from the individual health insurance business in your state. Under a new health insurance plan, can I keep my doctor? You should review a health insurance plan's physician network before applying to the plan.  For how long am I committed to keep any health insurance I purchase? Health insurance is generally purchased in one month increments (short-term plans are an exception), so your commitment is typically one month at a time.  If you stop making health insurance payments, the insurance company will simply terminate your coverage. What is short-term health insurance? Short-term health insurance is designed to fill temporary gaps in your "permanent" health insurance coverage.  These policies are relatively inexpensive and can go into effect very quickly.  Most short-term plans last for no more than six months. You can purchase short-term health insurance coverage in one-month increments or in a single payment for one to six months of coverage.  All short-term plans exclude coverage for pre-existing conditions.  Some applicants who would be denied by insurance companies providing "long-term" or "permanent" health coverage are able to obtain short-term health insurance. Is a Discount Medical Program the same as Health Insurance? Medical discount plans can be useful for some consumers looking to save money on health care. But they're not the same as health insurance. Medical discount plans don't pay any of your health care costs; instead, they require you to pay a fee for a list of health care providers and sellers of health-related products who are willing to offer discounts to members of the plan. Click here for more information concerning Discount Medical Programs. What is the difference between Blue Cross Blue Shield and other health insurance companies? There is little difference.  However, the Blue Cross Blue Shield company in Illinois is a financially powerful health insurer with the largest market share in the state .  MedEquote represents Blue Cross and Blue Shield of Illinois, Unicare, World, Humana, Celtic, Assurant. We do not necessarily consider Blue Cross Blue Shield of lllinois to be superior to our other quality health insurance companies, but they do have the largest market share in the state of Illinois making them a very stable company.
What are "pooled" health insurance rates? "Pooling" is, in our opinion, the most fair approach to setting health insurance rates.  A health insurance company operating under a pure "pooled" approach uses the same method in determining rates for both new and existing clients, regardless of the client's health status or claims history. In other words, insurance companies with "pooled" rates do not charge lower rates to entice new customers, while charging higher rates to long-time customers. This issue has very important implications for people intending to be enrolled in a health insurance plan for more than a year.  Medequote favors health insurance companies using the "pooled" rating approach. Are there meaningful differences in how insurance companies underwrite health insurance applications? Yes. For example, one insurance company assigns "preferred" rates to a 5'10" male who weighs 215 lbs.  Another insurance company would assess an additional 40% charge for this person.  One insurance company charges an additional 40% for smokers.  Another charges an additional 25%.  There are many, many distinctions such as these.  To get the best health insurance value for your own situation, you need  the advice of a quality health insurance agent. Will this website keep my personal information private? Yes.  What little personal information you may volunteer while visiting this website will not be distributed to any outside organizations -- including health insurance companies.  How do PPO plans and HMO plans differ? The primary difference is that HMOs limit your non-emergency health care coverage to a limited network of physicians and hospitals.  PPO plans insure covered services delivered by any licensed physician or hospital, though a PPO plan will offer improved benefits if you use physicians and hospitals participating in the PPO's preferred network. PPO networks are normally much larger than HMO networks, though HMOs provide higher benefit levels. For most individuals and families in Illinois and Indiana, PPO rates will be lower than HMO rates.  In addition, HMO plans are rarely an option for persons not participating in employer-sponsored programs.  The large majority of our individual and family health insurance clients enroll in PPO plans.
Do my health insurance premiums increase as I get older? Yes.  As people get older they tend to have more health care expenses.  Correspondingly, health insurance companies providing individual coverage charge higher rates to older persons and lower rates to younger persons.  For example, the health insurance rate charged to a 50-year-old is typically more than twice the health insurance rate charged to a 25-year-old. What is health insurance trend? Health insurance trend is an annual percentage increase in health insurance claim costs.  The two primary components of health insurance trend are (1) inflation of costs physicians and hospitals charge for health care services and (2) increases in the average utilization of these services. UniCare has had the lowest trend in the health insurance industry over the past eight years. Typically with all companies the higher the deductible the lower the trend.