Pre-Existing Conditions

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Pre-Existing Conditions A medical illness or injury that you have before you start a new health care plan may be considered a “pre-existing condition.” Conditions like diabetes, COPD, cancer, and sleep apnea, may be examples of pre-existing health conditions. They tend to be chronic or long-term. Pre-existing conditions are often defined as any mental or physical condition for which: 1-The insured has consulted a physician; or 2-The insured has received medical treatment or services; or 3-The insured has taken prescribed drugs or medications; or 4-A condition for which a reasonably prudent person would have sought medical advice, care or treatment. Pre-existing conditions are taken into account at the underwriting stage and affect the disability policy conditions. The pre-existing condition exclusion period is a health insurance provision that limits or excludes benefits for a period of time. The determination is based on the policyholder having a medical condition prior to enrolling in a health plan. In some jurisdictions, preexisting condition health insurance companies can not refuse coverage or charge more for preexisting conditions. It is possible to buy life insurance from some companies if you have a preexisting condition, but premiums may be higher and death benefits may be lower. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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