A new health insurance program for that part of the populace which suffers from any chronic condition is set to begin from the coming month.

The Managed Risk Medical Insurance Board that is managed by the state is going to start taking in applications for the fund in the concluding parts of the month.

In the month of April, Governor, Arnold Schwarzenegger made an announcement that the state would operate the given scheme and not just depend upon the Federal Government, which is what other 27 states, too, think of.

Counting it as a part under the health care reform legislation, the Pre-existing Condition Insurance Plan had been drafted so as to cover those individuals who had not been offered health insurance coverage or had been offered with some of those schemes, which practically looked impractical for them to afford.

California will be offered $761 million to operate the plan all through ending parts of 2013 when insurance regulations will alter it with the intention that the pre-existing conditions are not counted under insurance pricing and eligibility criterion.

The estimation that has been made informs that the program has sufficient amount of funds, so that insurance can be offered to 25,000 individuals each month.