Best health insurance for pre-existing conditions, One of a consumer’s main worries when purchasing a private healthcare insurance coverage is whether or not pre existing conditions has coverage by a health insurer. Despite your circumstance, it is crucial to be completely honest about any pre existing problems to ensure that your insurance is always valid.
It is also important to keep in mind that, in some cases, health insurance may cover pre existing medical issues.
How do you define a pre-existing condition?
Any medical condition for which you may have sought medicine, advice, treatment, or experienced symptoms before to the official start date of your health insurance coverage is what we call a pre existing condition.
The following are just a few examples of the pre-existing conditions you may want to disclose to your insurer:
- Any ailment related to the lungs, the heart, the circulatory system (such as hypertension, stroke, transient ischemic attack), cancer, or a condition related to cancer for which you have received treatment or diagnosis.
- Any recognized psychological or psychiatric disorder for which you have undergone therapy, such as depression or anxiety.
- Any other condition, ailment, or injury for which you are taking medicine as prescribed, for which you visited a hospital specialist, or for which you need inpatient care.
Does health insurance cover pre-existing conditions?
Health insurance covers unanticipated medical conditions that arise after a policy’s official start date. In general, it’s a measure of protection that eases your concerns about recently discovered medical disorders. Pre-existing conditions and secondary conditions related to them hence, has no coverage by health insurance.
Yet, there are some situations in which it may be possible to obtain health insurance that covers pre-existing diseases. The insurer will often do this if they consider there is no longer a chance the problem may recur.
Top 15 Best Health Insurance Plans For Pre-existing Conditions
1. Income Silver Protect
We are fully aware that many of us may not be buying insurance plans for ourselves but are instead thinking about our older family members when we consider the issue of the aging population against the sobering reality of rising medical costs.
Silver Protect is a term insurance policy for seniors that offers protection against both early-stage and advanced cancers. It is accessible to people aged 50 to 74.
There are no medical requirements for applicants who already have non-cancer-related illnesses like diabetes or hypertension. You continue to receive the same level of protection in the battle against cancer because there is no reduction in sum assured even following an early-stage cancer claim.
2. MediShield Life
MediShield Life, administered by the Central Provident Fund, offers age- or health-independent lifetime insurance against hefty hospital expenditures. It is the universally available basic health insurance program, serving as the traditional safety net for all Singaporeans and Singapore Permanent Residents.
No one will ever lose their MediShield Life coverage. Even if a person cannot afford the premiums, MediShield Life will nonetheless insure them. Medisave may cover the complete cost of MediShield Life premiums. Also, family members may utilize MediSave to cover the costs of premiums for their loved ones. This is certainly a sound basis for those who have pre-existing medical conditions.
3. AXA Global Care Health Plan
In our increasingly globalized culture, when our employment may demand us to relocate permanently or travel extensively, having international health insurance is crucial. AXA Global Care Health Plan A offers complete international medical protection, including coverage for pre-existing medical conditions, and can ensure any frequent traveler of improved financial stability and peace of mind.
AXA Global Care Health Plan A is a more expensive option that offers greater coverage than Plan B. It has a higher sum assured and extra benefits like routine dental treatment or partial coverage for pregnancy and delivery.
If you need medical attention while traveling, you can take advantage of cashless hospital payments wherever.
4. Instant Life Insurance
You can obtain life insurance coverage in a matter of minutes without having to undergo a medical examination thanks to rapid underwriting.
5. Simplified Issue
This kind of insurance does not call for a physical. Instead, you only need to respond to a few health-related questions.
6. Guaranteed Acceptance
With assured acceptance insurance, there are no health requirements or questions that need answers. However, there is typically a waiting period with this kind of insurance.
7. Plans with High Deductibles
Some plans offer higher deductibles but lower premiums. For an individual, the deductible may exceed $5,000; for a family, it may exceed $10,000. This implies that you must pay a sizable annual premium before your plan pays for anything other than preventive care.
A Health Savings Account (HSA) is frequently linked with a high-deductible health plan. Savings account deposits made tax-free by you or your employer can cover your deductible.
8. Limited Benefit Plans
Mini-HSA is another name for limited benefit plans. There are very few advantages they offer. They are promoted as inexpensive health insurance on television. You should carefully read the policy. You can soon exhaust your insurance if you suffer a serious sickness. If you don’t have other coverage, you might have to pay a penalty at the end of the year because these plans don’t count as full health coverage.
9. Discount Plans
Discount plans are not health insurance. Simply said, they provide savings from specific physicians, pharmacists, and other service providers. On the Internet and late-night television, they are frequently advertised. The plan contract should be properly studied.
10. Supplemental Health Insurance Policies
These plans are intended for those who have health insurance. They cover some of the expenses left uninsured by your primary insurance. Limited benefits may be paid, such as a daily dollar amount if you are hospitalized or a predetermined cash amount if you are given a cancer diagnosis. Make sure you comprehend the addition policy:
- What restrictions and exclusions apply?
- What arrangements does the policy make for benefits with your primary health insurance?
11. Short-term health insurance plans
The statute that mandates pre-existing condition insurance coverage is not applicable to short-term medical insurance policies. There may be a waiting period before short-term medical insurers who approve your application will cover treatment for a pre-existing ailment. A short-term medical insurance coverage can be renewed for up to three (3) years and be in force for 90 to 364 days. Even if the insurer approved your application, a short-term policy may not assist you pay for treatment of pre-existing conditions due to its brief length.
12. Grandfathered group health plans
If you or a member of your family is eligible for coverage because of a pre-existing condition under a group health plan offered by your company or union, be sure to ask the plan administrator if the plan has been “grandfathered” in. Health plans that were in effect before March 23, 2010, are referred to as grandfathered plans. Some health plans are permitted by law to provide the same advantages as they did before to the Affordable Care Act. Pre-existing condition coverage may be limited or eliminated.
13. Care Health Care Insurance Plan
This plan has the greatest sum insured in the business, up to INR 6 crores, as well as the key features listed below:
- The strategy includes coverage for robotic procedures.
- Complimentary annual physicals for all covered members
- If the sum insured is used up, the sum insured restoration benefit restores it.
- For a comprehensive scope of coverage, there are a number of optional coverage perks.
14. Star Comprehensive Insurance Policy
One of the best health insurance plans available, it offers a wide range of built-in and add-on coverage options. The following are the policy’s features:
- No sublimits exist for room rental
- The cost of an air ambulance is also covered.
- The plan includes built-in coverage for maternity and new-born care.
- OPD costs are also reimbursed every three years.
- Bariatric surgery is covered by insurance.
15. ICICI Lombard Complete Health Insurance
This is a thorough health insurance plan that is offered in four different variations and has the key characteristics listed below:
- If the sum insured is used up during the same insurance year on a prior claim, 100% of the sum covered is restored.
- Complimentary yearly physicals are offered.
- A variety of additional benefits are available for optional coverage, including hospital cash allowance, convalescence benefit, maternity and infant insurance, critical illness cover, etc.
How can someone with pre-existing conditions purchase health insurance?
Comparing health insurance quotes from many providers is the greatest approach to ensure that you are getting the proper policy for your unique circumstances.
Will having a pre-existing condition prevent me from getting health insurance?
Even though this may be the worst-case situation for someone trying to get insurance, it is customary for an insurance rider to state that “Pre-existing conditions are not covered.” So, it will be best if you can clarify things up front with your potential insurer and agents.
Can I use my MediSave to cover the MediShield Life premiums for my family members?
You can use your MediSave to cover the entire cost of your family member’s MediShield Life premiums.
How can someone with a pre-existing condition obtain life insurance coverage?
With a pre-existing condition, you are still eligible for life insurance coverage through a term life, immediate life, guaranteed issue, and simplified life insurance policy. To get the best life insurance coverage for people with pre-existing conditions, it’s a good idea to compare prices from several providers or to consult an insurance representative.
A health insurance plan that covers pre-existing conditions can assist give your family financial security and peace of mind. To ensure that you’re choosing the right option for your family, do your homework and consult with your healthcare practitioner. Finding the right policy for you and your family requires extensive research into several options. In order to choose which plan will offer your family the best coverage, you need also consult your healthcare practitioner.
What is a pre-existing condition Waiting Period?
Pre-existing condition insurance is generally included in policies, however there is a waiting time of a few years before pre-existing conditions are covered. The length of time depends on your age and the nature of the condition.
What does “pre-existing condition exclusion” mean?
A pre-existing condition exclusion is when there are limitations and restrictions on a health insurance claim because of a pre-existing ailment.
What does “pre-existing condition waiver” mean?
This pre-existing condition benefit waives exclusions and pays for costs associated with hospitalization brought on by pre-existing conditions.
How does pre-existing conditions influence life insurance?
If you have any pre-existing conditions, your life insurance premiums may be higher and your alternatives for coverage can be more constrained.