Some of you might be familiar with the term pre-existing-medical conditions. For those of you who don't, pre-existing medical conditions refers to a condition that a person has before purchasing a health insurance policy.

It is usually difficult for people with pre-existing-medical conditions to get insurance coverage. They are either turned down or provided coverage at very high premiums.

A lot of companies spurn the applicant because a person suffering from any kind of preexisting condition like diabetes, heart disease, cancer, asthma can be at a higher mortality risk and this means loss to the insurance company.

However, we at guaranteed health life insurance will not disappoint you and are more than happy to accept you the way you are. We offer plenty of benefits in a single insurance plan. You can enjoy up to 50% off on all your medical expenses, and seek doctors, labs, medical institutions of your choice.

HIPAA’s Role

Health Insurance portability and accountability Act (HIPAA) was passed in 1996 by Congress. It allows people with pre-existing medical conditions to purchase, change, or carry on with their health insurance. It makes sure that in case of job loss and health insurance coverage, you can buy another health policy for you and your family members. 

You also have the liberty to renew your health insurance even if there is any health condition present in your family.

Coverage without ‘conditions’

Some health plans exclude treatment or medical expenditures for pre-existing-medical conditions (for a certain period usually for the first two years when the policy is issued). A common question that rings in our heads is what’s the point of purchasing a health plan when you have to shell out extra money for the pre-existing conditions?

There have been some amendments in the laws relating to health, but these changes will come into force only after 2014. Also, there is a possibility that some changes might take place if the Federal gets more drawn in towards health laws. Whenever this happens, it would enable people having pre-existing-medical conditions get insurance coverage without any difficulty.

Some insurers may provide insurance coverage to people with pre-existing-medical conditions, but will exclude coverage for the condition. This time period differs from company to company and from state to state. As per state's insurance rules, the pre-existing exclusion period can vary from six to 18 months. After this term is over, you start getting coverage.

Oldies have to face lot of trouble to get insurance protection and if they have some pre-existing-medical condition, the odds are even lower. In such situations, term life insurance offers some respite. There are some insurance companies that provide term life insurance for seniors who have pre-existing-medical conditions

They do not have to undertake a physical exam to get health insurance. It’s just that they will have to shell out comparatively higher premiums. Upon the death of the insured, the beneficiary will receive death benefit which can be used to fulfill financial liabilities.

Guaranteed issue health policy is a great tool for people with pre-existing medical conditions. So, all those of you who have been denied insurance, buy yourself guaranteed issue health insurance. It’s great and it’s real!