Guaranteed Issue Health Insurance

Guaranteed issue health insurance is an important option to those consumers who need individual health insurance, particularly when their only alternative is medically underwritten insurance plans. Health insurance companies attempt to offer a better value to their individual health insurance customers by medically underwriting applicants and offering their most competitive plans to those who are likely to use them the least. This underwriting process explores applicants’ medical history to determine any past conditions or diseases they have experienced and medications which were or currently are being utilized. This process also examines occupational and “life style” factors, such as smoking and jobs or hobbies which are considered dangerous.

At the end of the underwriting process four different outcomes are possible. The insurance company may accept the applicant for the plan and at the premium rate for which he or she applied; obviously, this is the best case scenario. The company may also accept the applicant – but at a higher rate because of information obtained during underwriting. Another variation of this limited acceptance by the company is to refuse to provide coverage for particular conditions discovered in underwriting. The last possibility is that the insurance company will refuse to provide any coverage. If coverage was sought for an entire family, the insurance company may accept some family members and deny others. This last possibility creates the largest problems for applicants, and often results in many people believing that they have no choice but to live without health insurance.

Applicants who have been denied medically underwritten insurance policies should look into guaranteed issue policies. Although these policies may not have all the benefits of underwritten policies, they offer significant coverage at affordable rates. We have specialists on our staff that can review individual situations and explain the available options to those with this need. All of the available guaranteed issue options can be examined by clicking on the link below.

Guaranteed Issue Plan Options