Colonial Penn Health Insurance: Everything You Need to Know

Health insurance is essential to ensure that you have access to quality medical care without worrying about the financial aspects of it. If you’re looking for an option that’s affordable and comprehensive, Colonial Penn Health Insurance is worth considering. In this article, we will go over all the details of Colonial Penn Health Insurance, including what it covers, how much it costs, and how you can enroll in it.

What is Colonial Penn Health Insurance?

Colonial Penn Health Insurance is a type of health coverage that provides benefits for medical expenses such as doctor visits, prescription drugs, hospital stays, and more. It’s underwritten by Bankers Life and Casualty Company, which is a subsidiary of CNO Financial Group, Inc. Colonial Penn has been in the insurance industry for over 60 years, providing affordable and simple coverage to senior citizens.

One of the unique features of Colonial Penn Health Insurance is that it offers guaranteed acceptance, which means that you won’t have to take a medical exam or answer any health questions to qualify for coverage. This option is especially helpful for those who have pre-existing conditions or are unable to get coverage through traditional health insurance providers.

Colonial Penn Health Insurance Coverage

The coverage provided by Colonial Penn Health Insurance includes:

Service
Details
Doctor Visits
80% coverage after a $15 copay
Prescription Drugs
Coverage up to $1,000 per year
Hospital Stays
Coverage up to $600 per day for up to 365 days
Skilled Nursing Facility Care
Coverage up to $250 per day for up to 100 days
Lab and Diagnostic Tests
Coverage up to $500 per year
Ambulance Services
Coverage up to $1,000 per year
Outpatient Surgery
80% coverage after a $250 copay
Durable Medical Equipment
Coverage up to $2,000 per year

Note that the coverage limits and details can vary depending on your state of residence and the plan you choose. To get a detailed list of the benefits and limitations in your area, contact a Colonial Penn representative.

Colonial Penn Health Insurance Cost

The cost of Colonial Penn Health Insurance can vary depending on factors such as your age, gender, and location. However, the plans are designed to be affordable and budget-friendly. The monthly premium for the basic plan starts at $9.95, and the comprehensive plan starts at $59.95 per month. Keep in mind that you may have to pay additional deductibles and copays for certain services.

How to Enroll in Colonial Penn Health Insurance

Enrolling in Colonial Penn Health Insurance is easy and straightforward. You can do it online or through a toll-free phone number provided on their website. The enrollment process involves filling out a form with your personal and contact information. You will also choose the plan that best suits your needs and budget. Once you’re enrolled, you’ll receive a confirmation letter and insurance ID card in the mail.

Frequently Asked Questions

Is Colonial Penn Health Insurance available in all states?

No, the coverage options and availability can vary depending on where you live. To find out if Colonial Penn Health Insurance is available in your state, visit their website or contact a representative.

Do I need a medical exam to qualify for Colonial Penn Health Insurance?

No, Colonial Penn Health Insurance offers guaranteed acceptance, which means that you won’t have to take a medical exam or answer any health questions to qualify for coverage.

What is the waiting period for Colonial Penn Health Insurance?

There is no waiting period for Colonial Penn Health Insurance. Your coverage will start as soon as you enroll and pay your first premium.

Can I enroll in Colonial Penn Health Insurance if I have a pre-existing condition?

Yes, Colonial Penn Health Insurance offers guaranteed acceptance, which means that you can enroll even if you have a pre-existing condition. Keep in mind that some services related to your pre-existing condition may have coverage limitations.

What if I’m not satisfied with my Colonial Penn Health Insurance coverage?

If you’re not satisfied with your coverage, you can cancel your policy within 30 days of receiving it and get a full refund of any premiums paid.

Can I change my Colonial Penn Health Insurance plan?

Yes, you can change your plan any time during the year. However, it’s important to note that you may have to go through underwriting again and may be subject to different premium rates and coverage limits.

Conclusion

Colonial Penn Health Insurance is an affordable and straightforward option for those who want comprehensive coverage without the hassle of medical exams and health questionnaires. With guaranteed acceptance and budget-friendly plans, it’s worth considering for senior citizens looking for peace of mind when it comes to medical expenses. To get more information or enroll in Colonial Penn Health Insurance, visit their website or contact a representative today.