Medicare supplement insurance covers pre-existing conditions provided you are consistent with your creditable health coverage. Before, medicare supplement insurance carriers required people to pay the medical costs for pre-existing conditions and set a waiting period.
When the waiting period ends, they begin to approve the coverage for those conditions. However, things have changed regarding the approval of medical supplement insurance for pre-existing conditions.
What Does Pre-Existing Condition Mean in Insurance?
A pre-existing condition is the health problem, diagnosis, or treatment you received before starting the new health coverage. A pre-condition can be known to a person or an undiagnosed illness. It can also be a mild condition such as allergies or a disease that requires only simple medication. It can also be a more severe condition that may require complex and costly treatment.
Medical Underwriting and Medicare Coverage
Some mild pre-existing conditions do not affect the options for medicare coverage. It can impact your ability to get coverage for severe diagnoses because sometimes it requires undergoing medical underwriting in the application process. Medical underwriting is a tricky and challenging process. Insurance companies use the information from medical underwriting to decide on the approval of your application.
An insurance carrier would have to approve your insurance application as medical underwriting is not allowed in some circumstances. Pre-existing conditions are common and do not necessarily prevent an individual from getting insurance. But some diagnoses, such as severe ones, can make the application process difficult.
Can I Be Denied Health Insurance Because of a Pre-existing Condition?
Health insurers cannot deny an individual coverage because of a pre-existing condition. However, there are some declinable health conditions. The applicant’s medical underwriting determines the declinable pre-existing conditions. Insurers create the list of these pre-existing conditions, making some applicants continuously denied or offered limited insurance services.
Pre-existing conditions are diseases, treatments, or diagnoses received by the insurance applicant before enrolling in a new insurance policy. These conditions can be a ground for denial through medical underwriting. Insurance companies may consider the health history of applicants as the basis for their approval.
At Liberty Benefit Consultants, Inc. we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (316) 686-5433 or Click Here to request a free quote. Any coverage discussed is not guaranteed. Please contact us today to go over your policy to ensure your needs are met! We are here and happy to help.