Health Insurance Update

A Pre-existing Condition is defined as any illness or ailment that you’ve been diagnosed with and treated for over a specific period of time. The time frame varies according to the insurance company, it can be illness you have been treated for prior to signing your contract. It may even be an illness that shows up within 6 months of your signing that contract, that is considered genetically inherited (like asthma or diabetes). Any claims or consultations for this condition is usually not covered by the insurance company. It’s a necessary protection for the insurance company, and a way to keep premiums down.

A common misconception is that until it is diagnosed, it cannot be considered pre-existing, and so people usually put-off having their check-ups until after they get the health insurance. Not so. The doctor would determine whether symptoms have already manifested itself, and how far along the disease has progressed.

The possession of a medical health insurance is important, but, equally important is to possess the correct medical health insurance scheme for your needs. The need for the right scheme is emphasized more for those who are first time health insurance policy holders who depend mostly on the automatic enrollment provided by employers without really personalizing their coverage for their needs. The result is that the policy holder does not really pay ample attention to the particulars of the insurance coverage until the time when he actually uses it and devastatingly finds out that most of the most important coverages for his needs are not present in the policy.