Individual Medical Insurance

Individual Medical Insurance

I have an individual medical insurance policy with a Texas company called an MSA plan. The same comapny sells an identical plan called an HSA plan the only difference is that the deductible and copay is higher on the HSA policy. The company is requiring me to go through underwriting to switch from the MSA plan to an HSA plan. My agent tells me that the switch is automatic and I keep the same write up percentage of 20% above standard. Which one is correct? Please advise. Please include source references. Thank you.

Asked on June 12, 2009 under Insurance Law, Texas

Answers:

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.