Whole vs Term

Everyday, medical treatments are becoming more and more expensive. It continues to keep on increasing and this makes it harder for people who have preexisting condition to be protected by medical coverage. Usually, insurance companies reject the applications of people who have health problems like obesity, diabetes, heart disease, high blood pressure, cancer, etc. So if you are one of these unlucky individuals, we’re giving you these tips below to make your application less strenuous.

1.) Consult a licensed insurance agent whom you trust most to get better understanding on the health plan options offered in the market. Ask him or her to provide clear explanation on the “Exclusion Page” of the policy.

2.) Ask the agent to suggest those insurance providers who are willing to provide coverage for people who have preexisting conditions. However, if your health condition is not satisfactory, you should get yourself prepared that you need to pay a higher premium to obtain medical plan. It is quite common for the insurance companies to increase 20% to 40% of the premium when they agree to accept the policy applicants with preexisting conditions.

3.) Learn about the insurance companies. There are insurance providers that would put either a temporary rider or a permanent rider on the policy when an applicant has certain existing condition. For instance, if you are suffering from overweight problem, the insurance company may put a 3-year rider on your policy. You should make use of this period to improve your health status. You will be fully covered by the medical plan if you pass the medical check up after the duration.

Do not easily give up if you are denied at first. Remember that you need to be financially protected for your medical expenses. Exert more effort and try to apply again.