Cover for pre-existing conditions or health issues can cause a number of issues for people when it comes to getting adequate health cover in place. People are now living longer than ever before, and with this there are numerous people who have had health issues, but still want to be properly covered. After all, the older we get the more likely we are to fall sick.
Insurers will either underwrite your policy on the basis of a moratorium or on full medical underwriting terms. A moratorium means that you are not covered for pre-existing conditions from a set time period. This could be 1 or 2 years and will be clarified by the provider that you choose to go with. Whilst this form of underwriting allows the application process to be uncomplicated and fast, it creates problems for those who have pre-existing conditions as they instantly become excluded. Furthermore, related conditions can also be excluded. For those with conditions such as high blood pressure and high cholesterol this is particularly concerning as there are many conditions which are related to these issues, such as heart attacks and strokes, which you could find yourself uncovered for.
The alternative for people with pre-existing conditions is to make sure you opt for full medical underwriting. This involves a full disclosure at the point of application and then the insurer will come back and state exactly what you are covered for and if any exclusions apply. Please note that some insurers may also require that you undertake a medical prior to cover commencing. Many people feel that this is a much clearer method of underwriting as its clear from the start what conditions are excluded.
As is quite often the case with health insurance there is no right way. It really depends on your individual circumstances as to which solutions will suit you best. If you have any questions regarding your medical history and how best to proceed with getting covered, then feel free to call us today.