Healthinquote.com is warning citizens about health insurance downfalls that can result due to pre-existing medical conditions and other issues that may be in the fine print.
Having adequate health insurance can be an invaluable resource should an unexpected illness make a person unable to work. There are many levels of health insurance cover available, and all people thinking of taking out cover should make certain that the cover they are arranging is adequate for their particular needs.
When people apply for health insurance, they will be asked many questions about their medical situation before being accepted. Even though an applicant may be completely open and honest about any pre-existing medical conditions, it is essential that the applicant reads the full terms and condition of the insurer's policy.
It is not unusual for an insurance company to accept an applicant and begin deducting premiums where an applicant has some pre-existing medical condition that he or she has revealed in the application. While the insurer is providing cover, it may specifically exclude cover for losses due to the pre-existing condition. The company may refuse to pay out because the insured had a pre-existing condition when a claim is made at a later date.
Generally speaking, the premiums the insured will have to pay are based on what the insurance company deems as risk factors. Some of these are obvious. As people age, their risk of poor health increases. People working in dangerous industries may be at higher risk of illness. Smokers are definitely at higher risk.
What may surprise many people is that factors like education level and annual income can affect premiums. This is because some companies believe that better off, better educated people look after their health better. There is more on health insurance here:
http://www.healthinquote.com/downfalls-to-your-health-insurance.php
Contact Person: David Abraham
Email:Send Email
Phone: 800-351-5976
Country: United States
Website: http://www.healthinquote.com/downfalls-to-your-health-insurance.php
Source: www.abnewswire.com
0 comments:
Post a Comment