Insurance Regulations in Illinois
Illinois is the land of rich farmland, vibrant nightlife, professional sports teams, and cutting-edge technology. Ensuring that the varied workforce for this teaming economy has adequate, affordable health insurance is a challenge. The Illinois Division of Insurance protects consumers by providing assistance and information. It also oversees efficient regulation of the insurance industry and fosters competition among providers.
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Protection for Illinois Residents
- Illinois residents have the right to continue their insurance coverage if they lose their jobs. Their employers must give them information about how to continue this coverage.
- All children in Illinois are eligible for health insurance coverage for their first year of life.
- Illinois provides screenings and treatment costs for breast and cervical cancer for any woman who otherwise cannot afford or find health insurance coverage.
- Early retirees who are at least 55 may be eligible for help with 65% of the cost of their health insurance through the federal pension Benefits Guarantee Corporation.
- If you have lost your health insurance after losing your job as a result of increased imports or jobs moving overseas, the Trade Adjustment Assistance Reform Act may pay 65% of your health insurance costs for up to three years.
- Your insurance cannot be canceled if you have paid your premiums on time.
Once you have completed your investigation about what types of health insurance are necessary and available for you, your family, or your employees, research the insurance agents with whom you are considering doing business. The Illinois Better Business Bureau has offices in Chicago and Peoria. They also send inquiries to Evansville, Indiana and Saint Louis, Missouri.
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