BCBSIL Eliminates Pre-existing Waiting Period on Individual Policies with Prior Individual Coverage

Jul 17, 2012 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News | 0 comments

Effective July 1, 2012, the pre-existing waiting period on new Blue Cross and Blue Shield of Illinois (BCBSIL) individual policies can now be offset by prior individual coverage with another carrier, provided:

  • Application is received on or after July 1, 2012
  • The prior coverage was an individual policy (temporary or permanent)
  • There was no more than a 63-day lapse in coverage between the cancellation date of the prior carrier’s individual or group policy and the signature date on the BCBSIL application for coverage
  • A Certificate of Creditable Coverage is submitted with the BCBSIL application

Creditable coverage does not include:

  • Accident only or disability income insurance
  • Liability insurance or coverage issued as a supplement to liability insurance
  • Worker’s Compensation
  • Credit-only insurance
  • Coverage for onsite medical clinics
  • Dental or vision benefits
  • Long-term care, nursing home care, home health care or community based care coverage
  • Coverage for a specified disease or illness
  • Hospital indemnity

To get quotes and apply for a BCBSIL individual policy, please visit the BCBSIL quoting webpage.

More News

0 Comments

Leave a Reply