If I go on short term disability can I keep my health insurance?
asked Feb 17 '12 at 19:28
In the past, health insurance companies were allowed to cancel a policy within its effective date if the insured gets sick and files a claim against the policy. This was standard practice in the insurance industry.
But this will be a thing of the past once President Obama's Health Care Reform Bill becomes fully implemented. It provides those who have health insurance policies with a certain level of consumer protection. One of these consumer protections would be that insurance companies would no longer be able to cancel their customer's health insurance policies due to a change in medical condition during the time the policy is effective.
So, yes, when the Health Care Reform Bill fully kicks in, you can expect to hold on to your health insurance policy even as you go on short term disability. You can also be assured that when it is time to renew your health insurance, it will not count your short term disability as a pre-existing condition and exclude it from the health insurance coverage.
Please note that short term disability insurance and health insurance cover different things.
When you consider the possibility of a short term disability due to an injury or an illness, it would help to have both health insurance and short term disability insurance. That way, you have the means to pay for your hospital bills and prescription drugs and the ability to pay your household bills. The fact that you don't have to worry about these will surely help hasten your way to recovery.
This answer is marked "community wiki".
answered Feb 17 '12 at 19:28