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Saved Brain Damage 1. By law it cost you no more to work with a broker than to deal directly with a health insurance company. 2. Working with a broker, you are much more likely to understand the plan you are applying for and thus be able to select the best combination of price [...] Most insurance companies consider health insurance “credible” if it is a group or medically underwritten individual medical insurance policy. Why is this important? *If you are moving from one group (usually employer sponsored insurance) to another, and have had previous “credible coverage” that was not interrupted for a period of 63 or more days, most [...] I am often asked how long it takes to get an application for health insurance approved. The answer is always the same, “it depends on how long the insurance company takes to review or “underwrite” the information you submit. Underwriting is a term insurance companies use that basically means “background check.” Individual health insurance companies have the [...] When a health insurance company receives your application for health insurance, their underwriters review it to see if it meets their guidelines for coverage. If, due to pre-existing medical or lifestyle conditions, you do not meet their requirements, your application may be declined. My first advice, if you are declined, is to request that your [...] When one applies for individual health insurance, the plans are “underwritten” to determine if the applicant qualifies for coverage. If “pre-existing” medical or lifestyle conditions exist, the applications might be “rated-up,” have a condition “excluded” or “denied.” Issued Standard is the best outcome of an application. It means the policy has been issued, at the [...] |
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