Health Insurance Lifetime Maximum?
Question by Jar: Health Insurance Lifetime Maximum?
I am perfectly fine and insured with good insurance. I have question on the life time maximum that a Heath insurance company puts in the contract like a 0,000 lifetime cap. My question is if I start with a insurance company say “United Health Insurance” through an employer “EMpXYZ1″ and then united Health hypothetically pay million on me in first one year. Then if I change employee and get suppose “Aetna” through the new employer “EMPXYZ2″, and if the person is subject to life time cap of M or remaining M. Suppose if the answer is M. then suppose if the person goes again to a third employer and gets the “United Health Insurance” again as insurance company, will the cap will be started again or it will take into account the past expenditure of M.
Best answer:
Answer by StephenWeinstein
Theoretically, it will start over, because the max is for that company only. However, there is always a possibility that the insurance companies could merge.
What do you think? Answer below!
July 15th, 2010 at 3:43 pm
That lifetime maximum is only for that insurance company – so yes, if you switch to a new plan, with a new insurer, it resets. HOWEVER. Most people who need even a fraction of that million, are no longer employable. AND, once you start wracking up six figures in medical claims, you’ve got serious preexisting conditions that another insurance company flat out isn’t going to want to take on.
July 15th, 2010 at 4:16 pm
You can easily check your minimal health care rates in internet, for example here – health-quotes.isgreat.org