What does the term pre existing medical insurance really mean, and what kinds of policies are actually available? Who do these plans really benefit, and can people really afford to pay for them?
When looking for health insurance coverage you may encounter the term " pre existing medical insurance" in the course of your search. But what does that actually mean?
The process of looking for the right health insurance policy can be confusing, and it is helpful if you understand the different types of coverage available.
Pre existing medical insurance policies cover those with previous health problems or chronic conditions that make them "uninsurable" in the eyes of traditional health plans. For many of these patients these kinds of policies finally provide them with an affordable way to cover the cost of medical care, which can be crippling for those without any kind of coverage at all.
The fact is that it is often those who are denied insurance that need it the most. Those who are likely to need medical assistance in the coming moinths or years. We know that insurance is a two way street and it is unfair that certain members of society should be entitled to a service that others ar not.
It is obvious why this is the case. Certain insurance companies like to play it safe, and while the law is on their side, why not? Our company is different. We have a range of guaranteed issue policies for those with a pre-existing condition, such as diabetes, cancer or even obesity, which will provide the necessary cover with minimum fuss.
Our flexible plans can be tailored to suit your individual, personal requirements and we have a policy to suit every budget.
A reliable insurance broker can help individuals find the pre existing insurance plan that will best suit their individual needs and budget.
Pre-Existing Condition Insurance is All You Need
A great number of individuals suffer from medical troubles that come under pre-existing conditions by the insurance companies. A pre-existing condition is a health related trouble that subsisted prior to applying for health insurance plan.
Insurance companies are by and large concerned that the final result is invariably in their best interest and for this reason; they exclude people who have any kind of pre-existing condition. The insurance companies also charge high premiums or impose an exclusion period before the insurance coverage starts.
Pre-existing conditions can primarily be any health issues. It can be a major problem like cancer, heart disease or a minor one such as Hay Fever. Nevertheless, it is all based on the decision of the insurance company whether to accept or reject a particular candidate.
It is all depending on the individual circumstances and one’s application may be rejected if even she or he has a minor condition.
Pre-existing condition can largely have an impact on your medical insurance cover. In case you are going to buy health insurance, there are chances that the insurance company may accept you on the basis of providing an exclusion period for your pre-existing condition.
Even though you have been accepted by the insurance company and you are likewise paying the monthly premiums, you may not be covered for the services that are linked with the pre-existing condition.
The major concern for most of the people is having an affordable health insurance pre-existing plan. A s a matter of fact, large number of people consider that if they are having any kind of serious medical conditions like cancer, diabetes, heart disease or stroke, they would be denied health insurance coverage. Well, this does happen but quite rarely.
To purchase the best health insurance plan for you or your family, it is advisable to shop around first. There are large numbers of medical insurance plans to pick out from. Such plans are offered by many different insurance providers in the market. You need to know about what each insurance plan covers and what they don’t.
There are times when a particular insurance company would be well prepared to take risk and provide insurance coverage to you. But, they will lay down certain conditions on you too. For instance, you may be asked to pay additional premium if they agree to insure you. On the contrary, they may also tell you that you would only be covered after a particular waiting period.
This waiting period is imposes so as to see that you have not undergone any treatment for your condition during this time period. Obtaining health insurance is not at all difficult as there are large numbers of insurance companies that render you health insurance for pre-existing conditions.
Group health insurance may likewise be a good approach too. In many instances, insurance policies rendered by the employers to the employees will accept people regardless of any pre existing medical conditions. Most of the people consider that the group health insurance is exclusively available to the employees of a business. But there are actually many ways in which you can buy group health insurance plan. The best idea is to look around in the market and purchase the one which suits your needs.