Things You Should Know When Buying Health Insurance for Pre-Existing Conditions
Published On Oct 13, 2021 5:30 AM By KANIKA WADHWA
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Pre-existing conditions in health insurance are those health issues which the health insurance policy buyer has been facing before buying a health insurance policy. Some examples of a pre-existing disease can be high blood pressure, thyroid, asthma, diabetes, etc. As the treatment for pre-existing diseases might sometimes cost huge, it is essential that you must get adequate health insurance cover for the same.
In order to make the best buying decision for a health insurance policy with pre-existing disease cover, there are a few points that you must know. Read them below.
1. Policies Differ from One Insurance Company to Another
The terms and conditions of different health insurance plans vary with each other. Also, not all health insurance companies offer cover for pre-existing illnesses. But if they do, they come with waiting periods. Many insurers would require you to undergo a pre-policy medical check-up after which cover will be offered. So, before finalising any one policy, you must check the coverage benefits offered under these plans so as to avoid any hassle in case a claim arises in the future.
Must Read: Individual vs Family Health Insurance Plans
2. Not All Doctor’s Visits are Counted
You must not worry about every visit to the doctor, which can be due to cold, cough, fever, etc. This is because not every trip to the doctor is treated as a red flag when buying health insurance with cover for pre-existing diseases. Only the illnesses and ailments that have a long-lasting effect on the policy buyer are considered.
3. Inform the Insurer About Any Pre-Existing Conditions
It is never a wise decision to hide any pre-existing condition from your insurance provider. You must inform the insurance provider about the same at the time of policy purchase. Otherwise, providing misinformation can lead to rejection in claims, if made any, in the future.
4. Cover for Pre-existing Medical Conditions is Available
People often hide pre-existing health conditions from their insurance providers thinking that they might be rejected insurance coverage due to the same. But this is not true. There are several health insurance plans in the market with cover for pre-existing diseases offered by popular insurance companies at affordable premiums. You can choose from them as per your requirements and budget. But kindly note that these plans come with a waiting period, and the coverage benefits can only be availed after that.
5. Waiting Periods Can be Reduced
Waiting period is the period that you are required to wait in order to start availing of coverage benefits under a particular health insurance policy. It is calculated from the date of policy purchase and may differ with every insurance company. Not many people know this but the insured has an option to reduce the waiting period. But for this, the policyholders are required to pay an extra premium.
Not all health insurance companies in the market may be willing to offer you health insurance coverage for pre-existing diseases. This is because people suffering from pre-existing diseases pose a higher financial risk to the insurance company. But there are still many health insurance companies that do offer cover for the same. And therefore, this should not stop you from seeking adequate health insurance coverage for pre-existing diseases.
In case you are unable to find a suitable health insurance policy with pre-existing diseases cover, then you can take help from the customer care executives at InsuranceDekho by calling on the toll-free number 755-119-6989.
Also Read: Do You Really Need A Family Health Insurance of Rs. 1 Crore?
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.