home > state policy guides > Wyoming
var addthis_pub = "moneyindepth";
Wyoming Health Insurance
Wyoming has fewer health insurance regulations than most states. Still, it's important to familiarize yourself with them, so you're more confident and wise in your purchase.
Describes Wyoming health insurance policy regulations.
Lists rules Wyoming health insurance companies must follow.
Health insurance policies are regulated by each state's own health insurance laws. Wyoming health insurance companies and policyholders alike must abide by established insurance laws.
Compare health plans and get instant quotes:
The search for the best coverage at the lowest price starts with comparing as many plans as possible from providers in your area.
To choose among the hundreds of plans available to you, use our fast and free comparison service to get quotes from major insurers in your state:
Do You Qualify For A Subsidy?
Find out if you qualify for a government subsidy under Obamacare. Millions of Americans will have their insurance rates reduced under the new health care law. Learn how much you could save with our simple calculator.
Wyoming health insurance policy provisions
Some of the most important Wyoming health insurance laws are the ones that influence the health insurance policy specifically.
First, the guaranteed renewability provision is mandatory for all Wyoming health insurance policies. This stipulates that as long as you honor the terms of your insurance contact, your health insurance policy is always renewable.
Wyoming health insurance regulations also limit exclusions of pre-existing conditions. According to these Wyoming regulations, Wyoming health insurance policies can contain clauses excluding pre-existing conditions from coverage for no more than 12 months.
Medical conditions that you have been diagnosed with 6 months before the effective date of your Wyoming health insurance policy are considered “pre-existing conditions”.
Pre-existing condition exclusion periods cannot be instituted if you are switching Wyoming health insurance and have not had any breaks in coverage. In these instances, your old health insurance policy's exclusion period credits your new Wyoming health insurance policy's required exclusion period.
Finally, for those with growing families, individual Wyoming health insurance policies that already cover dependents automatically cover newborns and adopted children for a minimum of 31 days.
Regulating Wyoming health insurance companies
Health insurance laws in some states strictly regulate the cost and availability of health insurance policies. Wyoming health insurance laws are rather relaxed in this area, which means you just have to be more aware of what liberties your health insurance company is allowed.
For instance, your health can affect the cost and availability of Wyoming health insurance. This means that when deciding whether or not to offer you a health insurance policy Wyoming health insurance companies can factor in your health and if charge you more if your health is found to be unfavorable.
Additionally, Wyoming health insurance companies can increase your premium payments as you age or your health declines.
However, Wyoming health insurance regulations prohibit health insurance companies from terminating your policy on the grounds of illness.
Temporary Wyoming health insurance
Temporary health insurance is necessary in times when you have breaks in your health insurance coverage. In Wyoming, the best option for temporary health insurance is a conversion policy.
Conversion policies are available to individuals who have recently left a group health insurance policy and have use up all their available COBRA continuation coverage.
The premiums for these policies will most likely be more than your group policy premiums. Your former insurance company is required to offer you three policies with varying degrees of coverage.
Applications for a conversion policy must be received no later than 31 days after the end of your previous policy.
More WY health insurance help
If you want more help getting the a good health insurance policy, read our guide to health insurance.
Also see the guide to Wyoming small business health insurance.
To find out more about WY health insurance laws and regulations, visit the official website of the Wyoming Insurance Department.