Illinois Introduces Pre-Existing Insurance Plan

Illinois Pre-Existing Condition Insurance Plan is expected to cover 4,000 to 6,000 individuals.  The state of Illinois has created the Illinois Pre-Existing Condition Insurance Plan (IPXP) for individuals with pre-existing conditions who lack medical insurance.  Enrollment will be on a first-come, first-served basis and is funded by premiums and the federal government, which is giving the state $196 million to operate the program until 2014.  The funding is expected to cover between 4,000 and 6,000 people – nowhere near the 1.7 million Illinoisans who currently lack healthcare insurance.

“This program is not a silver bullet that will solve all health insurance problems in Illinois,” said Michael McRaith, director of the Illinois Department of Insurance.  Illinois is one of approximately 30 states establishing similar “high-risk pools” under the healthcare reform legislation passed in the spring.  Congress has set aside $5 billion to fund the pools, although this is not enough money to cover existing needs.  As many as 400,000 people nationally are expected to enroll in their state programs.

To qualify for IPXP, a person must be uninsured for six months, have a pre-existing condition, be a United States citizen or a legal resident, and be unable to get insurance from another source.  There is a $2,000 deductible and dependents are not covered.  Premiums will vary, but a Chicagoan who is 25 and doesn’t smoke will pay $149 a month.  The older the patient, the higher will be the premium.

Tags: , , , ,

Leave a Reply