Health Insurance Medical Underwriting Issues In Texas
September 22, 2008 – 6:52 pmHealth insurance isn’t a guaranteed slam-dunk in Texas. There may be medical underwriting issues to deal with.
Getting health insurance isn’t always the easiest thing to do. In fact, it may be the second hardest thing next to public speaking or bungee jumping. Just because it’s needed and wanted doesn’t always mean it’s available.
In Texas there are medical underwriting issues that need to be met prior to receiving approval for health care. The issues generally focus on the questions of how a person will be insured, IF a person will be insured, what the person will be insured for, what will be accepted, what will be declined, or if the insurance company wants to do a combination accept but with qualifications routine.
If the applicant is Mr./Mrs./Miss/Ms Average American and the insurance company feels they’re a good risk, they’ll likely get insurance and at the preferred rate listed on the insurance website.
If they feel an applicant will cost them money, they may choose to insure but at a higher rate, insure but not cover a particular condition, or do both, insure at a higher rate and not cover a condition. They may also choose not to approve insurance either.
If they do choose to insure with a certain condition and hike the rates, those rates may be as high as 25% to 50% over and above the preferred rate. That adds up substantially in the long-term.
If they do decline to insure a person, there are other options, and one of them is to shop around, because all insurance companies are NOT equal in how they do their underwriting. If all else fails, then try the Texas Risk Pool.
To be able to access the Texas Risk Pool an applicant must know they will be declined, have been declined or have a letter from an insurance agent that says they’ve have been declined.
Texas Risk Pool coverage does have some exclusions and it’s best to talk to an agent about various options available.
To learn more, visit http://www.texashealthandlife.com.