9 Things You Should Know About Health Insurance for Pre-Existing Illnesses

A health insurance policy lessens your financial burden. But what if the claim against your medical insurance policy gets rejected due to a pre-existing disease? At times, an individual might not even be aware of the term pre-existing condition. Therefore they say, do your research well before purchasing a health insurance policy.

Mentioned below are nine things about Health Insurance for Pre-existing Conditions:

1. Pre-existing illnesses

Pre-existing diseases simply means the medical conditions you already have when you’re purchasing medical insurance plans. You must be clear about these pre-existing conditions and declare them to your insurer beforehand while buying health insurance.

2. Not declaring them

If you do not report the pre-existing diseases to the insurer, it might bring you trouble at the time of claims. Due to non-declaration, your claim might face rejection.

3. Waiting period

This is the time wherein you have to wait for the health insurance company to cover the pre-existing diseases. The waiting period will depend on your insurance company. Medical issues that arise because of the pre-existing conditions won’t be covered during this period.

4. Health check-ups

The health insurance company might ask you to run a few tests related to your pre-existing diseases. In case you have diabetes, then they might ask you to check your sugar levels and only then issue the policy.

5. Exclusion

Permanent exclusion can also take place. Which means, the pre-existing disease from the cover might be permanently excluded by the insurance company. Although you will get the health insurance cover, the pre-existing conditions will be excluded from it.

6. Denial

If you are suffering from chronic diseases, the general insurance company shall deny insurance. In case you have a medical history of a life-threatening illness, the insurance company will deny your policy and might not provide you with a health cover.

7. Congenital diseases

Pre-existing diseases and congenital diseases are way different from each other. The congenital diseases are those that are present by birth. For example, physical abnormality. Most Insurance Companies exclude congenital diseases permanently.

8. Terms and conditions of the plan

You must make an informed decision while purchasing a health insurance policy. Apart from the points mentioned above, you must also go through the terms and conditions of the policy and try to understand it.

You can get to read all the information about your insurance company on their website. Some people can find it difficult to understand specific points; they can easily get in touch with the insurance company’s executive and get their doubts cleared.

9. Comparing policies

It has become extremely easy to research health insurance policies. You can now compare and buy medical insurance plans sitting at home on your laptops or smartphones. When you’re comparing various policies, don’t forget to consider the coverage of the policy, insurance premium as well as the credibility of the insurance company that is offering the policy.

You must disclose all the information and remain transparent with your insurance company. To avoid hassles at the time of insurance claim settlement, declare pre-existing medical issues to the insurer.