Oregon Health Insurance
Consumer Rights under OR State Law
Oregon Policy Restrictions
Guaranteed Renewal
Guaranteed renewal means that an insurance company can
not cancel a policy because of an individual’s health
condition or age. They must renew a policy if an individual
request it. An insurance company does have the right to
cancel a policy for other reasons. Review your contract
and be aware of these terms to prevent cancellation.
Exclusion Period
An exclusion period is when an insurance company excludes
a pre-existing coverage from a policy. This means that
an insured individual will not be compensated for any
treatment related the excluded condition until the exclusion
period is complete.
Oregon Insurance Company Restrictions
Regulated Costs
Some states place regulations on the insurance premiums.
Oregon state insurance laws do not regulate the cost of
a premium. This means insurance companies in Oregon can
charge what they feel is reasonable for their coverage.
Premiums are usually based on industry standards, the
age of an individual, or existing health conditions.
Controlled Insurance
If an insurance company is controlled they usually have
set premiums as determined by the state. Oregon insurance
companies are not controlled. They can deny coverage to
any individual or charge more for coverage due to existing
conditions.
Insurance companies inc Oregon can also increase their
premiums because an individuals age or health status changes.
Temporary Coverage
Temporary coverage is health insurance that is intended
to provide individuals with a temporary solution for health
coverage. These plans usually have a fixed timeline and
is not guaranteed renewable.
Always check with your
health insurance company on latest policies. These types
of policies rarely ever change (but can), and they are
very similar from state to state. So, we have tried to
highlight the differences, where applicable.
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