Finding Health Insurance for Diabetics
Let’s face it: very few to no insurance companies are truly eager to provide health insurance for diabetics. In fact, these insurance companies only do such things when they are forced by politics or if the competition is rising. As much as possible, riders for health insurance for diabetics are restrictive and there are also waiting periods that are implemented to reduce or eliminate their financial exposure. But who can blame these insurance companies? A lot of people with diabetes are becoming more and more frequent and the claims are also rising. For these carriers, it is not the cost of materials and medications that is alarming. It is the long term risk of diabetes that truly has a big effect to the policy. These conditions include cuts that do not heal, blindness, as well as issues in the circulatory system. That is why the health insurance for diabetics is very difficult to offer since the risk can be very detrimental to the insurance company’s finances.
A diabetic person aged 20 to 30 may be claim free as other persons in that age. The prospect of medical problems is in fact, more than a possibility, but a probability. Because these insurance companies are dealing with probabilities, people who suffer from diabetes can be very costly and they represent massive financial losses so the health insurance for diabetics is very rare. Even under the most ideal circumstances, it is not easy for insurance companies to generate profit from health insurance for diabetics. The problem is that the cost of materials and services are very costly now more than ever. A hospital bed that would cost you $50 before costs thousands of dollars today. The health insurance for diabetics, for these companies are liabilities and while they want to offer a proper coverage, the reality is that health care in the US is very costly.
However, the decision to have health insurance for diabetics is not the responsibility of insurance companies. In fact, the state mandates what is and should be available in their home state. The health insurance for diabetics therefore should be dependent on current health statistics in the area. Some insurance benefits may be present in one state and not on the other. The insurance commissioner of each state represents the decision making body that decides pricing, coverage and benefit for health insurance. Therefore, if the insurance commissioner agrees that there is a need for health insurance for diabetics, then insurance companies in that state have no choice but to actually provide the policy.
As of 2008, 46 states in the US as well as the District of Columbia have created rules that require health insurance for diabetics. In states like Missouri, Mississippi and Washington, the rules for health insurance for diabetics include coverage but does not include coverage in all policies. Most states offer health insurance for diabetics that address treatment, equipment, as well as home supplies. As of 2009, only 4 states do not have any mandates on health insurance for diabetics. Do you want to get health insurance for diabetics? Select your state and receive quotes from the best insurance companies in your area.