Transcripts

Paul Zane Pilzer:
That's bankruptcy not because of overspending, credit cards… solely because of a medical bill. Of those one million families more than 75% owned a home and had employer health insurance when they became ill.

Paul Zane Pilzer, author of the book, The New Health Insurance Solution…

When they became ill the first thing they lost was their job. When they lost their job they lost their health insurance and could no longer pay their medical bills.

But things have changed in 2005. You can now buy affordable health insurance for you and your family in every state, if you qualify. Your employer can reimburse you but it's yours to keep if you leave your job. But what if you don't qualify because of a pre-existing condition?

All states now have a new type of health insurance that they're required to offer you under federal law but they're not telling you. It's called state guaranteed coverage for people with medical conditions.

This is huge news. It's brand new and you're not hearing about it because, Paul says, states don't want the burden of paying your health insurance premium.

We've always had state coverage for poor people called Medicaid. We've always had state coverage for old people called Medicare. Starting 2005 all states are required under a 1996 law, that they must give health insurance (generally it's always Blue Cross/Blue Shield real quality health insurance) to people who have been rejected for health insurance because of pre-existing conditions.

You can link to Paul's website from ours: somethingyoushouldknow.net. I'm Mike Carruthers and that's Something You Should Know.