Insurance

The Health Insurance Portability and Accountability Act was created on July 1, 1997. It protects an insured person's insurability. Before this law, if an insured person lost insurance coverage they could be required to prove insurability before obtaining new coverage. Now, if a person has been insured for the past 12 months, a new insurance company can't refuse to cover that person and can't impose pre-existing conditions or a waiting period before providing coverage.